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



    TORONTO, Nov. 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $64.1 billion at October 31,
2007, up 10.3% from the prior year. Mackenzie Investments also reported
preliminary gross mutual fund sales and mutual fund net new money for October
2007 were $656.5 million and $(96.9) million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management              2007         2006
    (AUM) ($millions)                       October      October    % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds                $45,890      $42,748        7.4%
    -------------------------------------------------------------------------
      Money market mutual funds               1,724        1,517       13.6%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                   47,614       44,265        7.6%
    -------------------------------------------------------------------------
    Institutional, sub-advised and other     16,440       13,788       19.2%
    -------------------------------------------------------------------------
    Total Assets Under Management           $64,054      $58,053       10.3%
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Sales                                                  2007
    ($millions)                                          October
    -------------------------------------------------------------------------
                                                                     Net New
    Mutual Funds:                             Sales  Redemptions     Money(*)
    -------------------------------------------------------------------------
      Long-term mutual funds                 $515.5       $567.2      $(51.7)
    -------------------------------------------------------------------------
      Money market mutual funds               141.0        186.2       (45.2)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                   656.5        753.4       (96.9)
    -------------------------------------------------------------------------
    Other retail managed products               0.6          2.3        (1.7)
    -------------------------------------------------------------------------
    Total Fund Sales                         $657.1       $755.7      $(98.6)
    -------------------------------------------------------------------------
    (*) Net New Money 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: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $64.1 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 $125 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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