Mackenzie Investments reports total assets under management and fund sales for July



    TORONTO, Aug. 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX:IGM), today announced
preliminary total assets under management of $64.6 billion at July 31, 2007,
up 22.2% from the prior year. Mackenzie Investments also reported preliminary
gross mutual fund sales and mutual fund net new money for July 2007 were
$770.8 million and $181.0 million, respectively.
    Further information can be found below in the tables of unaudited
month-end data:

    
    -------------------------------------------------------------------------
    Total Assets Under Management           2007          2006
    (AUM) ($millions)                       July          July       % Change
    -------------------------------------------------------------------------
    Mutual Funds:
    -------------------------------------------------------------------------
      Long-term mutual funds             $45,934       $41,251          11.4%
    -------------------------------------------------------------------------
      Money market mutual funds            1,999         1,480          35.1%
    -------------------------------------------------------------------------
    Total Mutual Funds AUM               $47,933       $42,731          12.2%
    -------------------------------------------------------------------------
    Institutional, sub-advised
     and other(*)                         16,634        10,094          64.8%
    -------------------------------------------------------------------------
    Total Assets Under Management        $64,567       $52,825          22.2%
    -------------------------------------------------------------------------

    (*)       The prior period figure does not include assets from
              Mackenzie's acquisition of Cundill Investment Research Ltd. and
              related entities. That transaction closed September 22, 2006
              and the institutional assets were valued at $3.3 billion at
              that time.

    -------------------------------------------------------------------------
    Sales                                                 2007
    ($millions)                                           July
    -------------------------------------------------------------------------
                                                                     Net New
    Mutual Funds:                          Sales   Redemptions     Money(xx)
    -------------------------------------------------------------------------
      Long-term mutual funds              $529.6        $460.3         $69.3
    -------------------------------------------------------------------------
      Money market mutual funds            241.2         129.5        $111.7
    -------------------------------------------------------------------------
    Total Mutual Fund Sales                770.8         589.8         181.0
    -------------------------------------------------------------------------
    Other retail managed products            0.4           0.9          (0.5)
    -------------------------------------------------------------------------
    Total Fund Sales                      $771.2        $590.7        $180.5
    -------------------------------------------------------------------------

    (xx)      Net New Money (referred to as Net Sales in prior periods) is
              defined as Sales less Redemptions and is consistent with the
              terminology now used by IFIC.
    

    Additional information about Mackenzie Investments' assets and fund flows
will be available on the Investment Funds Institute of Canada's website
(www.ific.ca) on approximately the 15th of each month as part of a Canadian
industry-wide release of monthly statistics.

    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, 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.





For further information:

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


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