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

TORONTO, June 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 May 31, 2010. Assets under management were $62.4 billion at May 31, 2010, as compared to $57.8 billion at May 31, 2009.

    
    -------------------------------------------------------------------------
    Total Assets Under Management          2010         2009
    (AUM) ($millions)                       May          May       % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds               $38,404      $34,475        11.4%
    -------------------------------------------------------------------------
      Money market mutual funds              1,230        1,900      (35.3)%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                  39,634       36,375         9.0%
    -------------------------------------------------------------------------
    Institutional, sub-advised and other    22,755       21,376         6.5%
    -------------------------------------------------------------------------
    Total Assets Under Management          $62,389      $57,751         8.0%
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Sales                                              2010 May
    ($millions)
    -------------------------------------------------------------------------
                                                                   Net New
    Mutual Funds:                         Sales     Redemptions    Money(1)
    -------------------------------------------------------------------------
      Long-term mutual funds                $339.1       $515.0      $(175.9)
    -------------------------------------------------------------------------
      Money market mutual funds               51.1         63.6        (12.5)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                  390.2        578.6       (188.4)
    -------------------------------------------------------------------------
    Other retail managed products              0.0          0.0          0.0
    -------------------------------------------------------------------------
    Total Fund Sales                        $390.2       $578.6      $(188.4)
    -------------------------------------------------------------------------

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

For additional information about Mackenzie Investments' average assets under management, please see the IGM Financial press release, which will be available on June 2, 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 $62.4 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 $118 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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890