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

TORONTO , Feb. 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 January 31, 2010 . Assets under management were $62.5 billion at January 31, 2010 , as compared to $52.5 billion at January 31, 2009 .

    
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    Total Assets Under Management                  2010      2009
    (AUM) ($millions)                            January   January  % Change
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    Mutual Funds:
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      Long-term mutual funds                     $38,272   $31,958     19.8%
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      Money market mutual funds                    1,437     2,094   (31.4)%
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    Total Mutual Funds AUM                        39,709    34,052     16.6%
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    Institutional, sub-advised and other          22,830    18,439     23.8%
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    Total Assets Under Management                $62,539   $52,491     19.1%
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    Sales
    ($millions)                                       2010 January
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                                                                     Net New
    Mutual Funds:                                 Sales Redemptions  Money(1)
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      Long-term mutual funds                      $385.8    $518.0   $(132.2)
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      Money market mutual funds                     40.1      94.3     (54.2)
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    Total Mutual Fund Sales                        425.9     612.3    (186.4)
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    Other retail managed products                    0.0       0.0       0.0
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    Total Fund Sales                              $425.9    $612.3   $(186.4)
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    (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 February 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 $62.5 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 $118 billion in total assets under management.

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