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



    TORONTO, April 2 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $63.7 billion for the month ended
March 31, 2007, up 18.6% from March last year. Mackenzie Investments also
reported that gross mutual fund sales and mutual fund net new money for March
2007 were $936.4 million and $162.7 million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management         2007          2006
     (AUM) ($millions)                    March         March       % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds             $45,927       $42,436          8.2%
    -------------------------------------------------------------------------
      Money market mutual funds            1,791         1,412         26.8%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                47,718        43,848          8.8%
    -------------------------------------------------------------------------
    Institutional, sub-advised
     and other(*)                         15,935         9,817         62.3%
    -------------------------------------------------------------------------
    Total Assets Under Management        $63,653       $53,665         18.6%
    -------------------------------------------------------------------------
    (*) The prior period figure does not include assets from Mackenzie's
        acquisition of Cundill Investment Research Ltd. and related entities.
        That transaction closed September 22, 2006 and the institutional
        assets were valued at $3.3 billion at that time.



    -------------------------------------------------------------------------
    Sales ($millions)                                  2007 March
    -------------------------------------------------------------------------
                                                                     Net New
    Mutual Funds:                         Sales     Redemptions      Money(*)
    -------------------------------------------------------------------------
      Long-term mutual funds              $695.1        $593.4        $101.7
    -------------------------------------------------------------------------
      Money market mutual funds            241.3         180.3          61.0
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                936.4         773.7         162.7
    -------------------------------------------------------------------------
    Other retail managed products(xx)        0.0          40.8         (40.8)
    -------------------------------------------------------------------------
    Total Fund Sales                      $936.4        $814.5        $121.9
    -------------------------------------------------------------------------
    (*)  Net New Money (referred to as Net Sales in prior periods) is defined
         as Sales less Redemptions and is consistent with the terminology now
         used by IFIC.
    (xx) This amount includes $39.5 million resulting from the wind-up of
         MSP 2005 Resource Limited Partnership. The $39.5 million is also
         reported in money market mutual fund sales above.
    

    Additional information about Mackenzie Investments' mutual fund assets
and fund flows will be available on IFIC'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 $63.7 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 $123 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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