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



    TORONTO, June 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $65.0 billion for the month ended
May 31, 2007, up 23.7% from May last year. Mackenzie Investments also reported
that gross mutual fund sales and mutual fund net new money for May 2007 were
$760.4 million and $64.8 million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management        2007           2006
    (AUM) ($millions)                     May            May        % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds          $46,901        $41,338           13.5%
    -------------------------------------------------------------------------
      Money market mutual funds         1,798          1,355           32.7%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM             48,699         42,693           14.1%
    -------------------------------------------------------------------------
    Institutional, sub-advised
     and other(*)                      16,348          9,895           65.2%
    -------------------------------------------------------------------------
    Total Assets Under Management     $65,047        $52,588           23.7%
    -------------------------------------------------------------------------

    (*) 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 May
    -------------------------------------------------------------------------
    Mutual Funds:                     Sales    Redemptions   Net New Money(*)
    -------------------------------------------------------------------------
      Long-term mutual funds         $536.0         $533.1         $2.9
    -------------------------------------------------------------------------
      Money market mutual funds       224.4          162.5         61.9
    -------------------------------------------------------------------------
    Total Mutual Fund Sales           760.4          695.6         64.8
    -------------------------------------------------------------------------
    Other retail managed products       0.0            2.1         (2.1)
    -------------------------------------------------------------------------
    Total Fund Sales                 $760.4         $697.7        $62.7
    -------------------------------------------------------------------------
    (*) 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.
    

    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: Celebrating 40 years Mackenzie Investments was
founded in 1967, and is a leading investment management firm providing
investment advisory and related services. With $65.0 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
$126 billion in total assets under management.





For further information:

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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890