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

TORONTO, Dec. 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 November 30, 2009. Assets under management were $62.6 billion at November 30, 2009, as compared to $54.5 billion at November 30, 2008 and $54.7 billion at December 31, 2008.

    
    -------------------------------------------------------------------------
    Total Assets Under Management           2009           2008
    (AUM) ($millions)                   November       November     % Change
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    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds             $38,358        $33,338       15.1 %
    -------------------------------------------------------------------------
      Money market mutual funds            1,573          2,114      (25.6)%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM                39,931         35,452       12.6 %
    -------------------------------------------------------------------------
    Institutional, sub-advised
     and other                            22,642         19,065       18.8 %
    -------------------------------------------------------------------------
    Total Assets Under Management        $62,573        $54,517       14.8 %
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Sales                                                2009
    ($millions)                                        November
    -------------------------------------------------------------------------
    Mutual Funds:                                                    Net New
                                           Sales    Redemptions     Money (1)
    -------------------------------------------------------------------------
      Long-term mutual funds              $396.1         $468.6       $(72.5)
    -------------------------------------------------------------------------
      Money market mutual funds             62.3          111.8        (49.5)
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                458.4          580.4       (122.0)
    -------------------------------------------------------------------------
    Other retail managed products          125.0 (2)        0.0        125.0
    -------------------------------------------------------------------------
    Total Fund Sales                      $583.4         $580.4         $3.0
    -------------------------------------------------------------------------

    (1) Net New Money is defined as Sales less Redemptions and is consistent
        with the terminology used by IFIC.
    (2) 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 December 2, 2009. 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 $62.6 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 $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


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