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

TORONTO, April 1 /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 March 31, 2010. Assets under management were $64.9 billion at March 31, 2010, as compared to $52.6 billion at March 31, 2009.

    
    -------------------------------------------------------------------------
    Total Assets Under Management       2010           2009
    (AUM) ($millions)                  March          March       % Change
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    Mutual Funds:
    -------------------------------------------------------------------------
        Long-term mutual funds        $40,066        $31,564        26.9%
    -------------------------------------------------------------------------
        Money market mutual funds       1,263          2,074       (39.1)%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM            $41,329         33,638        22.9%
    -------------------------------------------------------------------------
    Institutional, sub-advised
     and other                         23,528         18,963        24.1%
    -------------------------------------------------------------------------
    Total Assets Under Management     $64,857        $52,601        23.3%
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Sales                                     2010 March
    ($millions)
    -------------------------------------------------------------------------
    Mutual Funds:                  Sales      Redemptions    Net New Money(1)
    -------------------------------------------------------------------------
        Long-term mutual funds     $549.8         $591.8          $(42.0)
    -------------------------------------------------------------------------
        Money market mutual funds    62.4           95.6           (33.2)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales         612.2          687.4           (75.2)
    -------------------------------------------------------------------------
    Other retail managed products     0.0           21.4(2)        (21.4)
    -------------------------------------------------------------------------
    Total Fund Sales               $612.2         $708.8          $(96.6)
    -------------------------------------------------------------------------
    (1) Net New Money is defined as Sales less Redemptions and is consistent
        with the terminology used by IFIC.
    (2) This amount is the result of the wind-up of MSP 2008 Resource Limited
        Partnership and is also reported in long-term mutual fund sales
        above.
    

For additional information about Mackenzie Investments' average assets under management, please see the IGM Financial press release, which will be available on April 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 $64.9 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 $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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