TORONTO, Dec. 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments), part of IGM Financial Inc. (TSX: IGM), today announced preliminary total assets under management and fund sales for the month ending November 30, 2010. Assets under management were $66.2 billion at November 30, 2010, as compared to $62.6 billion at November 30, 2009.
| Total Assets Under Management
|Long-term mutual funds||$40,777||$38,358||6.3%|
|Money market mutual funds||1,051||1,573||(33.2)%|
|Total Mutual Funds AUM||41,828||39,931||4.8%|
|Institutional, sub-advised and other||24,398||22,642||7.8%|
|Total Assets Under Management||$66,226||$62,573||5.8%|
Net New Money (1)
|Long-term mutual funds||$455.1||$568.6||$(113.5)|
|Money market mutual funds||37.5||63.3||(25.8)|
|Total Mutual Fund Sales||492.6||631.9||(139.3)|
|Other retail managed products||0.0||0.0||0.0|
|Total Fund Sales||$492.6||$631.9||$(139.3)|
(1) Net New Money is defined as Sales less Redemptions and is consistent with the terminology used by IFIC.
For additional information about Mackenzie Investments' average assets under management, please see the IGM Financial press release, which will be available on December 2, 2010. 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 $66.2 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 $125 billion in total assets under management.
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