Mackenzie announces changes to Focus funds

    TORONTO, July 24 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) today announced that it will substitute two of the six portfolio
management teams that currently manage Mackenzie Focus Fund and Mackenzie
Focus Class, effective August 29, 2008.
    The Funds' roster of managers will include Jerry Javasky, head of
Mackenzie's Ivy Funds, and David Ginther, a U.S. dividend equity specialist
with Waddell & Reed Financial Inc.
    Jerry Javasky and the Mackenzie Ivy team will apply their disciplined
investment style, seeking to own companies from around the world with superior
and relatively consistent longer-term growth prospects, purchased at
attractive prices. Jerry Javasky replaces Polar Capital LLP, which managed a
technology-specific mandate, as one of six teams advising the Funds. Polar
Capital continues to sub-advise Mackenzie Universal World Science & Technology
    David Ginther's mandate will be to select large-cap U.S. dividend-paying
securities for the Funds. Ginther is also lead portfolio manager of Mackenzie
Universal U.S. Dividend Income Fund, a highly-rated U.S. equity-income fund.
He joins his colleagues Phil Sanders and Dan Becker, as Waddell & Reed
co-managers of the Funds. David Ginther will assume his portion of the Funds
from his colleague Mark Seferovich, also of Waddell & Reed. Seferovich managed
a U.S. small-cap mandate.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $61.2 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 $119 billion in total assets under

For further information:

For further information: Catharine Marion, Environics Communications
Inc., (416) 969-2809,

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