Mackenzie Investments reports total assets under management and fund sales for November TORONTO, Dec. 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments), part of IGM Financial Inc. (TSX: IGM - News), today announced
preliminary total assets under management and fund sales for the month ending
November 30, 2009. Assets under management were $62.6 billion at November 30,
2009, as compared to $54.5 billion at November 30, 2008 and $54.7 billion at
December 31, 2008. ------------------------------------------------------------------------- Total Assets Under Management 2009 2008 (AUM) ($millions) November November % Change ------------------------------------------------------------------------- Mutual Funds: ------------------------------------------------------------------------- Long-term mutual funds $38,358 $33,338 15.1 % ------------------------------------------------------------------------- Money market mutual funds 1,573 2,114 (25.6)% ------------------------------------------------------------------------- Total Mutual Funds AUM 39,931 35,452 12.6 % ------------------------------------------------------------------------- Institutional, sub-advised and other 22,642 19,065 18.8 % ------------------------------------------------------------------------- Total Assets Under Management $62,573 $54,517 14.8 % ------------------------------------------------------------------------- ------------------------------------------------------------------------- Sales 2009 ($millions) November ------------------------------------------------------------------------- Mutual Funds: Net New Sales Redemptions Money (1) ------------------------------------------------------------------------- Long-term mutual funds $396.1 $468.6 $(72.5) ------------------------------------------------------------------------- Money market mutual funds 62.3 111.8 (49.5) ------------------------------------------------------------------------- Total Mutual Fund Sales 458.4 580.4 (122.0) ------------------------------------------------------------------------- Other retail managed products 125.0 (2) 0.0 125.0 ------------------------------------------------------------------------- Total Fund Sales $583.4 $580.4 $3.0 ------------------------------------------------------------------------- (1) Net New Money is defined as Sales less Redemptions and is consistent with the terminology used by IFIC. (2) This amount includes sales for The Canadian Shield Fund.For additional information about Mackenzie Investments' average assets under management, please see the IGM Financial press release, which will be available on December 2, 2009. 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 $62.6 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 - News) group of companies. IGM Financial is one of Canada's premier financial services companies with over $118 billion in total assets under management. For further information Trish Tervit, Environics Communications Inc., (416) 969-2809, ttervit@environicspr.com Source: Mackenzie Financial Corporation; Mackenzie Investments; IGM Financial Inc.
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