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

TORONTO, Oct. 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 September 30, 2010. Assets under management were $64.5 billion at September 30, 2010, as compared to $62.0 billion at September 30, 2009.

    
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    Total Assets Under Management           2010         2009
    (AUM) ($millions)                     September    September    % Change
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    Mutual Funds:
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      Long-term mutual funds               $39,954      $38,146         4.7%
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      Money market mutual funds              1,158        1,694      (31.6)%
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    Total Mutual Funds AUM                  41,112       39,840         3.2%
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    Institutional, sub-advised and other    23,421       22,190         5.5%
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    Total Assets Under Management          $64,533      $62,030         4.0%
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    Sales                                            2010 September
    ($millions)
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                                                                     Net New
    Mutual Funds:                           Sales     Redemptions    Money(1)
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      Long-term mutual funds                $306.2       $538.4      $(232.2)
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      Money market mutual funds               79.2         60.8         18.4
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    Total Mutual Fund Sales                  385.4        599.2       (213.8)
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    Other retail managed products              0.0          0.5         (0.5)
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    Total Fund Sales                        $385.4       $599.7      $(214.3)
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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 October 4, 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 $64.5 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 $122 billion in total assets under management.

For further information: Trish Tervit, Environics Communications Inc., 416-969-2809, [email protected]