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 $57.8 billion at May 31, 2009, as
compared to $63.4 billion at May 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 May 2009 of $400.8 million and $(126.9)
million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management      2009            2008
    (AUM) ($millions)                   May             May         % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds         $34,475         $43,615          (21.0)%
    -------------------------------------------------------------------------
      Money market mutual funds        1,900           1,995           (4.8)%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM            36,375          45,610          (20.2)%
    -------------------------------------------------------------------------
    Institutional, sub-advised
     and other                        21,376          17,834           19.9%
    -------------------------------------------------------------------------
    Total Assets Under
     Management                      $57,751         $63,444           (9.0)%
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Sales                                             2009
    ($millions)                                        May
    -------------------------------------------------------------------------
                                                                    Net New
    Mutual Funds:                      Sales     Redemptions       Money (*)
    -------------------------------------------------------------------------
      Long-term mutual funds(xx)      $347.0          $422.1         $(75.1)
    -------------------------------------------------------------------------
      Money market mutual funds         53.8           105.6          (51.8)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales            400.8           527.7         (126.9)
    -------------------------------------------------------------------------
    Other retail managed products        0.0             0.0            0.0
    -------------------------------------------------------------------------
    Total Fund Sales                  $400.8          $527.7        $(126.9)
    -------------------------------------------------------------------------

    (*)  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 rebalance transactions by two institutional
         investors. The impact of the rebalance transactions was net
         redemptions of $11.4 million, which is reflected in the net new
         money total for the month.
    

    For additional information about Mackenzie Investments' average assets
under management, please see the IGM Financial press release which will be
available on June 2, 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 $57.8 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 $108 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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