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

TORONTO, Jan. 4 /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 December 31, 2009. Assets under management were $63.6 billion at December 31, 2009, as compared to $54.7 billion at December 31, 2008.

    
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    Total Assets Under Management          2009          2008
    (AUM) ($millions)                  December      December      % Change
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    Mutual Funds:
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      Long-term mutual funds            $39,102       $33,635         16.3%
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      Money market mutual funds           1,520         2,160       (29.6)%
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    Total Mutual Funds AUM               40,622        35,795         13.5%
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    Institutional, sub-advised and
     other                               22,957        18,866         21.7%
    -------------------------------------------------------------------------
    Total Assets Under Management       $63,579       $54,661         16.3%
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Sales                                              2009
    ($millions)                                      December
    -------------------------------------------------------------------------
                                                                    Net New
    Mutual Funds:                         Sales   Redemptions      Money (1)
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      Long-term mutual funds (2)         $442.2        $509.0        $(66.8)
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      Money market mutual funds            76.4          97.8         (21.4)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales               518.6         606.8         (88.2)
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    Other retail managed products(3)        7.8           0.0           7.8
    -------------------------------------------------------------------------
    Total Fund Sales                     $526.4        $606.8        $(80.4)
    -------------------------------------------------------------------------

    (1) Net New Money is defined as Sales less Redemptions and is consistent
        with the terminology used by IFIC.

    (2) Sales and Redemptions of long-term mutual funds for the month were
        higher as a result of redemption and rebalance transactions by three
        institutional investors. The impact of the redemption and rebalance
        transactions was net redemptions of $9.2 million, which is reflected
        in the net new money total for the month.

    (3) This amount includes sales for The Canadian Shield Fund.
    

For additional information about Mackenzie Investments' average assets under management, please see the IGM Financial press release, which will be available on January 5, 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 $63.6 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 $120 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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