Mackenzie Investments announces increase of foreign content limit for
Mackenzie Ivy Growth & Income Fund

TORONTO, Oct. 27 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") today announced that it is amending the investment strategy of Mackenzie Ivy Growth & Income Fund to allow the Fund to invest up to 49% of its assets in foreign securities, an increase from the current limit of 30%. The change, which will be effective on or about November 5, 2010, is being made to provide the portfolio manager with greater flexibility to pursue investment opportunities for the benefit of investors in the Fund.

Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $64.5 billion in assets under management as of September 30, 2010, 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 $122 billion in total assets under management as of September 30, 2010.

For further information:

Trish Tervit
Environics Communications Inc.
416-969-2809
[email protected]