Mackenzie Investments reports total assets under management and fund sales for July



    TORONTO, Aug. 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $59.3 billion at July 31, 2008,
as compared to $64.6 billion at July 31, 2007. Mackenzie Investments also
reported preliminary gross mutual fund sales and mutual fund net new money for
July 2008 of $543.8 million and $(92.4) million, respectively.

    
    Further information can be found below in the tables of unaudited
month-end data:

    -------------------------------------------------------------------------
    Total Assets Under Management           2008         2007
    (AUM) ($millions)                       July         July     % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds           $    40,859  $    45,934      (11.0)%
    -------------------------------------------------------------------------
      Money market mutual funds              2,115        1,999         5.8%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM             $    42,974  $    47,933      (10.3)%
    -------------------------------------------------------------------------
    Institutional, sub-advised and
     other                                  16,354       16,634       (1.7)%
    -------------------------------------------------------------------------
    Total Assets Under Management      $    59,328  $    64,567       (8.1)%
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Sales                                                 2008
    ($millions)                                           July
    -------------------------------------------------------------------------
                                                                     Net
    Mutual Funds:                          Sales    Redemptions  New Money(*)
    -------------------------------------------------------------------------
      Long-term mutual funds           $     362.1  $     529.7  $    (167.6)
    -------------------------------------------------------------------------
      Money market mutual funds              181.7        106.5         75.2
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                  543.8        636.2        (92.4)
    -------------------------------------------------------------------------
    Other retail managed products              0.0          4.1         (4.1)
    -------------------------------------------------------------------------
    Total Fund Sales                   $     543.8  $     640.3  $     (96.5)
    -------------------------------------------------------------------------
    (*) Net New Money is defined as Sales less Redemptions and is consistent
    with the terminology used by IFIC.
    

    Additional information about Mackenzie Investments' assets and fund flows
will be available on the Investment Funds Institute of Canada's website
(www.ific.ca) on approximately the 15th of each month as part of a Canadian
industry-wide release of monthly statistics.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $59.3 billion in assets under management, Mackenzie Investments
distributes its services through a diversified network of third-party
financial advisors. Mackenzie Investments is a member of the IGM Financial
Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier
financial services companies with $116.8 billion in total assets under
management.




For further information:

For further information: Catharine Marion, Environics Communications
Inc., (416) 969-2809, cmarion@environicspr.com


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