Mavrix Fund Management Inc. reports Sales and Assets under Management Results for January 2008



    TORONTO, Feb. 1 /CNW/ - Mavrix Fund Management Inc. (TSX: MVX) today
reported Assets under Management (AUM) and sales for the month ending January
31, 2008. Total AUM decreased by 10.26% in January to $570.1 million and a
19.40% decrease compared to January 31, 2007.
    Mavrix reported Net Redemptions of $19.7 million on Gross Sales of
$3.2 million for Mavrix Mutual Funds for the month ended January 31, 2008.
    "Declining volatile equity markets plus the perception of economic
uncertainty by investors gave rise to the results Mavrix posted this month."
said David Balsdon, Vice-President and Secretary-Treasurer.

    
    ------------------------------------------------------------
               AUM as at         AUM as at         AUM as at
               January 31,       December 31,      January 31,
               2008              2007              2007
    ------------------------------------------------------------
    Mavrix     $413,313,899      $457,522,479      $498,896,234
     Mutual
     Funds
    ------------------------------------------------------------
    Specialty  $157,393,162      $178,429,473      $209,169,316
     Funds
    ------------------------------------------------------------
    Total      $570,707,061      $635,951,952      $708,065,650
     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

Organization Profile

MAVRIX FUND MANAGEMENT INC.

More on this organization


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