Mackenzie Investments launches currency-hedged version of Ivy Foreign Equity Class

    TORONTO, Aug. 27 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced the launch
of a currency-hedged version of Mackenzie Ivy Foreign Equity Class.
    Investors now have the option of investing in two classes of shares - the
new hedged and original unhedged version. The hedged version is named
Mackenzie Ivy Foreign Equity Class (Hedged), while the original unhedged class
retains the name Mackenzie Ivy Foreign Equity Class.

    Flexibility around hedging

    Investors who are not concerned about currency fluctuations or want to
gain exposure to foreign currencies may purchase the unhedged version of Ivy
Foreign Equity Class, while those who prefer to hedge their foreign currency
risk may purchase the hedged version.
    By investing in a combination of the two versions of Ivy Foreign Equity
Class, investors may choose to hedge any or substantially all of their
investment, from close to 100% to a 50/50 split, or any percentage split of
their choice. In addition, investors may switch between the two classes
without triggering a taxable event.
    As Mackenzie makes adjustments to the hedges based on cash flows into and
out of the Fund and movements in the Fund's portfolio holdings, there will be
circumstances, from time to time, where the level of hedging does not fully
cover the hedged class's foreign currency exposure.
    The Funds' investment portfolio will continue to be managed in the same
manner and by the same portfolio managers at Mackenzie. The one exception is
that returns generated from the hedged classes of shares will represent the
performance of the Fund's portfolio holdings plus the performance of a
currency hedge. If the Canadian dollar rises relative to foreign currencies,
the performance of Ivy Foreign Equity Class (Hedged) would likely be higher
than that of the unhedged Ivy Foreign Equity Class, with the opposite true if
the Canadian dollar falls.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $64.6 billion in assets under management as of July 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 over $125 billion in total
assets under management as of July 31, 2007.

    Commissions, trailing commissions, management fees and expenses all may
    be associated with mutual fund investments. Please read the prospectus
    before investing. 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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