Mackenzie Investments Introduces Destination+ Funds

    New Funds offer growth potential with a guaranteed maturity amount

    TORONTO, Jan. 14 /CNW/ - Mackenzie Investments today announced the launch
of Mackenzie Destination+ Funds, a new product line specially designed for
investors saving for a specific goal such as retirement, a home or vacation
property, a child's post-secondary education, or any other significant life
    An innovative solution that's easy to use, an investor simply selects the
Mackenzie Destination+ Fund with the maturity date that most closely matches
the year they will access their funds. Three convenient maturity options are
available: Mackenzie Destination+ 2015 Fund, Mackenzie Destination+ 2020 Fund
and Mackenzie Destination+ 2025 Fund.
    "Mackenzie Destination+ Funds help investors plan for future events with
confidence," says David Feather, president, Mackenzie Financial Services Inc.
"Once an investor chooses the destination date that is closest to his or her
financial goal, we take it from there - managing everything from asset
allocation to rebalancing investments. Starting with an initial focus on
growth, the investor's asset allocation is modified as the target date
approaches, placing greater emphasis on safety and protection within each
Destination+ Fund."
    Professional managers actively manage all underlying funds. The equity
portfolios in the Destination+ Funds benefit from the growth potential of such
leading funds as Mackenzie Cundill Value Fund, Mackenzie Maxxum Dividend Fund,
Mackenzie Ivy Foreign Equity Fund, Mackenzie Universal Canadian Growth Fund
and Mackenzie Cundill Emerging Markets Value Class. The balanced portfolios in
the Destination+ Funds consist of Mackenzie Sentinel Income Fund, Mackenzie
Sentinel Bond Fund and Mackenzie Sentinel Corporate Bond Fund.

    Unique features provide safety and growth

    Mackenzie Destination+ Funds differ from many other lifecycle or target
funds in several important ways:

    -   Daily Lock-in Feature - Destination+ Funds are open-ended target date
        mutual funds with a guaranteed daily lock-in of investment gains.
        Each day, the highest net asset value is locked in, allowing
        investors to capture the growth achieved by the Destination+ Funds if
        they remain fully invested until maturity (the "destination date").
    -   Guaranteed Maturity Amount - Investor's original investment in
        Destination+ Funds is guaranteed when held to the destination date,
        providing peace of mind for advisors and their clients.
    -   Greater Equity Exposure - Destination+ 2020 and Destination+ 2025
        Funds hold 100% equity at the outset to maximize potential growth.
        Most similar programs start off with lower equity exposure.
    -   Emerging Markets - The equity component includes exposure to emerging
        markets, an area with high growth potential.

    Mackenzie Investments

    Mackenzie Investments was founded in 1967, and is a leading investment
management firm providing investment advisory and related services. With
$61.3 billion in assets under management as of December 31, 2007, 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 $121 billion in total assets under
management as of December 31, 2007.

    Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. In order to receive capital
protection and the daily lock-in of investment gains, investors must remain
invested in the Fund until the Fund's maturity. In certain circumstances, the
Fund's maturity date may be accelerated by Mackenzie, at its discretion, in
which case investors receive the present value of the current guaranteed
maturity amount. Please read the prospectus before investing for additional
important information regarding the guaranteed maturity amount and certain
risks of investing in the Funds. Mutual Funds are not guaranteed, their values
change frequently and past performance may not be repeated.

For further information:

For further information: Catharine Marion or Mike Langdon, Environics
Communications, (416) 969-2809, (416) 969-2820,,

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