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

TORONTO, May 3 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments), part of IGM Financial Inc. (TSX: IGM), today announced preliminary total assets under management and fund sales for the month ending April 30, 2010. Assets under management were $65.1 billion at April 30, 2010, as compared to $55.0 billion at April 30, 2009.

    
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    Total Assets Under Management                2010       2009
    (AUM) ($millions)                            April      April   % Change
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    Mutual Funds:
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      Long-term mutual funds                   $40,288    $33,131      21.6%
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      Money market mutual funds                  1,207      1,994    (39.5)%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                      41,495     35,125      18.1%
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    Institutional, sub-advised and other        23,601     19,895      18.6%
    -------------------------------------------------------------------------
    Total Assets Under Management              $65,096    $55,020      18.3%
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Sales                                               2010 April
    ($millions)
    -------------------------------------------------------------------------
    Mutual Funds:                      Sales   Redemptions   Net New Money(1)
    -------------------------------------------------------------------------
      Long-term mutual funds          $406.3        $581.4(2)     $(175.1)
    -------------------------------------------------------------------------
      Money market mutual funds         46.3          80.6          (34.3)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales            452.6         662.0         (209.4)
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    Other retail managed products        4.2(3)        0.0            4.2
    -------------------------------------------------------------------------
    Total Fund Sales                  $456.8        $662.0        $(205.2)
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    (1) Net New Money is defined as Sales less Redemptions and is consistent
        with the terminology used by IFIC.
    (2) Redemptions of long-term mutual funds for the month were higher as a
        result of a redemption transaction by an institutional investor. The
        impact of the redemption transaction was net redemptions of $45.6
        million, which is reflected in the net new money total for the month.
    (3) This amount includes sales for MSP 2010 Resource Limited Partnership.
    

For additional information about Mackenzie Investments' average assets under management, please see the IGM Financial press release, which will be available on May 4, 2010. 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 $65.1 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 $123 billion in total assets under management.

SOURCE Mackenzie Financial Corporation

For further information: For further information: Trish Tervit, Environics Communications Inc., (416) 969-2809, ttervit@environicspr.com


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