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



    TORONTO, June 2 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $63.4 billion at May 31, 2008, as
compared to $65.0 billion at May 31, 2007. Mackenzie Investments also reported
preliminary gross mutual fund sales and mutual fund net new money for May 2008
of $607.8 million and $(120.2) million, respectively.

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

    -------------------------------------------------------------------------
    Total Assets Under Management             2008        2007
    (AUM) ($millions)                          May         May      % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds                $ 43,615    $ 46,901      (7.0)%
    -------------------------------------------------------------------------
      Money market mutual funds                1,995       1,798       11.0%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                    45,610      48,699      (6.3)%
    -------------------------------------------------------------------------
    Institutional, sub-advised and other      17,834      16,348        9.1%
    -------------------------------------------------------------------------
    Total Assets Under Management           $ 63,444    $ 65,047      (2.5)%
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Sales                                                 2008
    ($millions)                                            May
    -------------------------------------------------------------------------
                                                                     Net New
    Mutual Funds:                            Sales    Redemptions   Money (*)
    -------------------------------------------------------------------------
      Long-term mutual funds                $  477.7    $  558.7    $  (81.0)
    -------------------------------------------------------------------------
      Money market mutual funds                130.1       169.3       (39.2)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                    607.8       728.0      (120.2)
    -------------------------------------------------------------------------
    Other retail managed products                0.2         0.0         0.2
    -------------------------------------------------------------------------
    Total Fund Sales                        $  608.0    $  728.0    $ (120.0)
    -------------------------------------------------------------------------
    (*) 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 $63.4 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 $124 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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