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

TORONTO, Jan. 3, 2008 (Canada NewsWire via COMTEX) -- Mackenzie Financial Corporation (Mackenzie Investments), part of IGM Financial Inc. (TSX:IGM), today announced preliminary total assets under management of $61.3 billion at December 31, 2007, down 0.5% from the prior year. Mackenzie Investments also reported preliminary gross mutual fund sales and mutual fund net new money for December 2007 were $593.1 million and $(65.6) million, respectively.

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Further information can be found below in the tables of unaudited month-
end data:

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Total Assets Under Management 2007 2006
(AUM) ($millions) December December % Change
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Mutual Funds:
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Long-term mutual funds $44,640 $44,732 (0.2)%
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Money market mutual funds 1,832 1,761 4.0%
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Total Mutual Funds AUM 46,472 46,493 (0.0)%
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Institutional, sub-advised and
other 14,806 15,085 (1.8)%
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Total Assets Under Management $61,278 $61,578 (0.5)%
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Sales 2007
($millions) December
------------------------------------------------------------------------- Net New
Mutual Funds: Sales Redemptions Money*
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Long-term mutual funds $420.1 $556.2 $(136.1)
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Money market mutual funds 173.0 102.5 70.5
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Total Mutual Fund Sales 593.1 658.7 (65.6)
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Other retail managed products 0.0 12.5 (12.5)
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Total Fund Sales $593.1 $671.2 $(78.1)
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*Net New Money is defined as Sales less Redemptions and is consistent
with the terminology now used by IFIC.>>

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 $61.3 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: 58.32, -0.16, -0.27%) group of companies. IGM Financial is one of Canada's premier financial services companies with $121 billion in total assets under management.

SOURCE: Mackenzie Investments

Catharine Marion, Environics Communications Inc., (416) 969-2809,
cmarion@environicspr.com


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