Mavrix Fund Management Inc. reports Sales and Assets under Management Results for December 2007



    TORONTO, Jan. 2 /CNW/ - Mavrix Fund Management Inc. (TSX: MVX) today
reported Assets under Management (AUM) and sales for the month ending
December 31, 2007. Total AUM decreased by 1.77% in December to $636 million
and a 7.35% decrease compared to December 31, 2006.
    Mavrix reported Net Redemptions of $10.1 million on Gross Sales of
$3.2 million for Mavrix Mutual Funds for the month ended December 31, 2007.
    "While our AUM had virtually flat performance for December, our mutual
fund transaction activity was adversely impacted by volatile markets and tax
loss selling," said David Balsdon, Vice-President and Secretary-Treasurer.

    
    ------------------------------------------------------------
               AUM as at         AUM as at         AUM as at
               December 31,      December 31,      December 31,
               2007              2006              2005
    ------------------------------------------------------------
    Mavrix     $457,522,479      $493,163,106      $438,087,328
     Mutual
     Funds
    ------------------------------------------------------------
    Specialty  $178,429,473      $193,223,889      $155,813,316
     Funds
    ------------------------------------------------------------
    Total      $635,951,952      $686,386,995      $593,900,644
     Assets
    ------------------------------------------------------------
    ------------------------------------------------------------
    

    All amounts are expressed in Canadian dollars.

    Mavrix Fund Management Inc. is a growing Canadian asset management
company with shares listed on the Toronto Stock Exchange. Its stock symbol is
MVX.

    %SEDAR: 00020385E




For further information:

For further information: Mavrix Fund Management Inc., Toll Free:
1-888-964-3533, Direct: (416) 362-3077 Or visit our website at
www.mavrixfunds.com

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MAVRIX FUND MANAGEMENT INC.

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