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

TORONTO, March 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 February 28, 2010. Assets under management were $63.3 billion at February 28, 2010, as compared to $50.7 billion at February 28, 2009.

    
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    Total Assets Under Management                 2010      2009
    (AUM) ($millions)                          February  February   % Change
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    Mutual Funds:
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      Long-term mutual funds                    $38,874   $30,309      28.3%
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      Money market mutual funds                   1,333     2,087    (36.1)%
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    Total Mutual Funds AUM                       40,207    32,396      24.1%
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    Institutional, sub-advised and other         23,115    18,279      26.5%
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    Total Assets Under Management               $63,322   $50,675      25.0%
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    Sales
    ($millions)                             2010 February
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                                                                     Net New
    Mutual Funds:                                 Sales Redemptions  Money(1)
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      Long-term mutual funds                     $503.0      $507.8    $(4.8)
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      Money market mutual funds                    47.4       126.8    (79.4)
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    Total Mutual Fund Sales                       550.4       634.6    (84.2)
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    Other retail managed products                 7.5(2)        0.0      7.5
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    Total Fund Sales                             $557.9      $634.6   $(76.7)
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    (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 MSP 2010 Resource Limited Partnership.
    

For additional information about Mackenzie Investments' average assets under management, please see the IGM Financial press release, which will be available on March 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 $63.3 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 $120 billion in total assets under management.

For further information: Trish Tervit, Environics Communications Inc., [phone], [email protected]