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



    TORONTO, April 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $52.6 billion at March 31, 2009,
as compared to $60.9 billion at March 31, 2008 and $54.7 billion at December
31, 2008. Mackenzie Investments also reported preliminary gross mutual fund
sales and mutual fund net new money for March 2009 of $479.0 million and
$(143.3) million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management             2009         2008
     (AUM) ($millions)                       March        March     % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds               $31,564      $42,373      (25.5)%
    -------------------------------------------------------------------------
      Money market mutual funds              2,074        2,121       (2.2)%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                  33,638       44,494      (24.4)%
    -------------------------------------------------------------------------
    Institutional, sub-advised and other    18,963       16,386        15.7%
    -------------------------------------------------------------------------
    Total Assets Under Management          $52,601      $60,880      (13.6)%
    -------------------------------------------------------------------------



    -------------------------------------------------------------------------
    Sales                                                 2009
    ($millions)                                          March
    -------------------------------------------------------------------------
                                                                     Net New
    Mutual Funds:                            Sales  Redemptions      Money(1)
    -------------------------------------------------------------------------
      Long-term mutual funds(2)             $364.7       $462.5       $(97.8)
    -------------------------------------------------------------------------
      Money market mutual funds              114.3        159.8        (45.5)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                  479.0        622.3       (143.3)
    -------------------------------------------------------------------------
    Other retail managed products            6.1(3)      19.5(4)       (13.4)
    -------------------------------------------------------------------------
    Total Fund Sales                        $485.1       $641.8      $(156.7)
    -------------------------------------------------------------------------
    (1) Net New Money is defined as Sales less Redemptions and is consistent
        with the terminology used by IFIC.
    (2) Sales and Redemptions of long-term mutual funds for the month were
        higher as a result of rebalance transactions by one institutional
        investor. The impact of the rebalance transactions was net sales of
        $0.2 million, which is reflected in the net new money total for the
        month.
    (3) This amount includes sales for MSP 2009 Resource Limited Partnership.
    (4) This amount includes $19.5 million resulting from the wind-up of MSP
        2007 Resource Limited Partnership. The $19.5 million is also reported
        in money market mutual fund sales above.
    

    For additional information about Mackenzie Investments' average assets
under management, please see the IGM Financial press release which will be
available on April 1, 2009. 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 $52.6 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 $98 billion in total assets under
management.





For further information:

For further information: Trish Tervit, Environics Communications Inc.,
(416) 969-2809, ttervit@environicspr.com


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