(Source: Canada Newswire)
TORONTO, July 2 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments), part of IGM Financial Inc. (TSX:IGM), today announced preliminary total assets under management of $57.8 billion at June 30, 2009, as compared to $61.2 billion at June 30, 2008 and $54.7 billion at December 31, 2008. Mackenzie Investments also reported preliminary gross mutual fund sales and mutual fund net new money for June 2009 of $470.3 million and $(69.0) million, respectively.
Further information can be found below in the tables of unaudited month-end data:
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Total Assets Under Management 2009 2008
(AUM) ($millions) June June % Change
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Mutual Funds:
Long-term mutual funds $35,387 $41,653 (15.0)%
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Money market mutual funds 1,847 2,002 (7.7)%
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Total Mutual Funds AUM 37,234 43,655 (14.7)%
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Institutional, sub-advised and other 20,564 17,545 17.2%
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Total Assets Under Management(1) $57,798 $61,200 (5.6)%
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(1) Total assets under management include assets acquired from Saxon
Funds Management Limited on September 25, 2008
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Sales 2009
($millions) June
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Net New
Mutual Funds: Sales Redemptions Money(2)
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Long-term mutual funds $374.8(3) $419.8 $(45.0)
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Money market mutual funds 95.5 119.5 (24.0)
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Total Mutual Fund Sales 470.3 539.3 (69.0)
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Other retail managed products 0.0 13.9(3) (13.9)
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Total Fund Sales $470.3 $553.2 $(82.9)
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(2) Net New Money is defined as Sales less Redemptions and is consistent
with the terminology used by IFIC
(3) Includes $13.5 million from the merger of MSP Maxxum Trust to a
mutual fund on June 26, 2009
For additional information about Mackenzie Investments' average assets under management, please see the IGM Financial press release which will be available on July 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 $57.8 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 $109 billion in total assets under management.
(c) 2009 Canada Newswire. Provided by ProQuest LLC. All rights Reserved.
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