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



    TORONTO, July 2 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $61.2 billion at June 30, 2008,
as compared to $65.0 billion at June 30, 2007. Mackenzie Investments also
reported preliminary gross mutual fund sales and mutual fund net new money for
June 2008 of $1,132.9 million and $152.4 million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management                 2008       2007
    (AUM) ($millions)                             June       June   % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds                   $41,653    $46,514    (10.5)%
    -------------------------------------------------------------------------
      Money market mutual funds                  2,002      1,884       6.3%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                      43,655     48,398     (9.8)%
    -------------------------------------------------------------------------
    Institutional, sub-advised and other        17,545     16,592       5.7%
    -------------------------------------------------------------------------
    Total Assets Under Management              $61,200    $64,990     (5.8)%
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Sales                                                    2008
    ($millions)                                              June
    -------------------------------------------------------------------------
                                                                     Net New
    Mutual Funds:                                Sales  Redemptions  Money(*)
    -------------------------------------------------------------------------
      Long-term mutual funds(xx)              $1,001.9       $851.4   $150.5
    -------------------------------------------------------------------------
      Money market mutual funds                  131.0        129.1      1.9
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                    1,132.9        980.5    152.4
    -------------------------------------------------------------------------
    Other retail managed products                  0.0          1.8     (1.8)
    -------------------------------------------------------------------------
    Total Fund Sales                          $1,132.9       $982.3   $150.6
    -------------------------------------------------------------------------
    (*) Net New Money is defined as Sales less Redemptions and is consistent
        with the terminology used by IFIC.

    (xx) Sales and redemptions of long-term mutual funds for the month were
         higher as a result of a rebalance transaction by an institutional
         investor. The net impact was approximately $290 million in net new
         money for the month.
    

    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 $61.2 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 over $119 billion in total assets under
management.





For further information:

For further information: Greg Vallentin, Environics Communications Inc.,
(416) 969-2728, gvallentin@environicspr.com


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