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



    TORONTO, Oct. 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $63.5 billion at September 30,
2007, up 11.8% from the prior year. Mackenzie Investments also reported
preliminary gross mutual fund sales and mutual fund net new money for
September 2007 were $491.4 million and $(121.6) million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    ------------------------------------------------------------------------
    Total Assets Under Management           2007          2006
    (AUM) ($millions)                  September     September     % Change
    ------------------------------------------------------------------------
    Mutual Funds:
    ------------------------------------------------------------------------
      Long-term mutual funds             $45,614       $41,884          8.9%
    ------------------------------------------------------------------------
      Money market mutual funds            1,782         1,505         18.4%
    ------------------------------------------------------------------------
    Total Mutual Funds AUM                47,396        43,389          9.2%
    ------------------------------------------------------------------------
    Institutional,
     sub-advised and other                16,100        13,401         20.1%
    ------------------------------------------------------------------------
    Total Assets Under Management        $63,496       $56,790         11.8%
    ------------------------------------------------------------------------


    ------------------------------------------------------------------------
    Sales                                                2007
    ($millions)                                       September
    ------------------------------------------------------------------------
                                                                    Net New
    Mutual Funds:                          Sales   Redemptions     Money (*)
    ------------------------------------------------------------------------
      Long-term mutual funds              $401.5        $480.0       $(78.5)
    ------------------------------------------------------------------------
      Money market mutual funds             89.9         133.0        (43.1)
    ------------------------------------------------------------------------
    Total Mutual Fund Sales                491.4         613.0       (121.6)
    ------------------------------------------------------------------------
    Other retail managed products            0.0           0.7         (0.7)
    ------------------------------------------------------------------------
    Total Fund Sales                      $491.4        $613.7      $(122.3)
    ------------------------------------------------------------------------
    (*) 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: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $63.5 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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