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

  //business-finance.news-articles.net/content/200 .. nder-management-and-fund-sales-for-november.html
  Published in Business and Finance on Tuesday, December 1st 2009 at 15:05 GMT by Market Wire
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 ------------------------------------------------------------------------- Total Assets Under Management 2009 2008 (AUM) ($millions) November November % Change ------------------------------------------------------------------------- Mutual Funds: ------------------------------------------------------------------------- Long-term mutual funds $38,358 $33,338 15.1 % ------------------------------------------------------------------------- Money market mutual funds 1,573 2,114 (25.6)% ------------------------------------------------------------------------- Total Mutual Funds AUM 39,931 35,452 12.6 % ------------------------------------------------------------------------- Institutional, sub-advised and other 22,642 19,065 18.8 % ------------------------------------------------------------------------- Total Assets Under Management $62,573 $54,517 14.8 % ------------------------------------------------------------------------- ------------------------------------------------------------------------- Sales 2009 ($millions) November ------------------------------------------------------------------------- Mutual Funds: Net New Sales Redemptions Money (1) ------------------------------------------------------------------------- Long-term mutual funds $396.1 $468.6 $(72.5) ------------------------------------------------------------------------- Money market mutual funds 62.3 111.8 (49.5) ------------------------------------------------------------------------- Total Mutual Fund Sales 458.4 580.4 (122.0) ------------------------------------------------------------------------- Other retail managed products 125.0 (2) 0.0 125.0 ------------------------------------------------------------------------- Total Fund Sales $583.4 $580.4 $3.0 ------------------------------------------------------------------------- (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 The Canadian Shield Fund.