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

TORONTO, July 5 /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 June 30, 2010. Assets under management were $60.9 billion at June 30, 2010, as compared to $57.8 billion at June 30, 2009.

    
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    Total Assets Under Management            2010         2009
    (AUM) ($millions)                        June         June      % Change
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    Mutual Funds:
      Long-term mutual funds               $37,673      $35,387         6.5%
    -------------------------------------------------------------------------
      Money market mutual funds              1,194        1,847      (35.4)%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                  38,867       37,234         4.4%
    -------------------------------------------------------------------------
    Institutional, sub-advised and other    22,018       20,564         7.1%
    -------------------------------------------------------------------------
    Total Assets Under Management          $60,885      $57,798         5.3%
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Sales                                               2010 June
    ($millions)
    -------------------------------------------------------------------------
    Mutual Funds:                                                    Net New
                                            Sales     Redemptions    Money(1)
    -------------------------------------------------------------------------
      Long-term mutual funds(2)             $828.0       $553.9       $274.1
    -------------------------------------------------------------------------
      Money market mutual funds               41.1         75.8        (34.7)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                  869.1        629.7        239.4
    -------------------------------------------------------------------------
    Other retail managed products              0.0          8.2         (8.2)
    -------------------------------------------------------------------------
    Total Fund Sales                        $869.1       $637.9       $231.2
    -------------------------------------------------------------------------
    (1) Net New Money is defined as Sales less Redemptions and is consistent
        with the terminology used by IFIC.
    (2) Sales 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 resulted in net sales of
        $411.0 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 July 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 $60.9 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 $115 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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