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Mackenzie Investments reports total assets under management and fund sales for December
------------------------------------------------------------------------- Total Assets Under Management 2009 2008 (AUM) ($millions) December December % Change ------------------------------------------------------------------------- Mutual Funds: ------------------------------------------------------------------------- Long-term mutual funds $39,102 $33,635 16.3% ------------------------------------------------------------------------- Money market mutual funds 1,520 2,160 (29.6)% ------------------------------------------------------------------------- Total Mutual Funds AUM 40,622 35,795 13.5% ------------------------------------------------------------------------- Institutional, sub-advised and other 22,957 18,866 21.7% ------------------------------------------------------------------------- Total Assets Under Management $63,579 $54,661 16.3% ------------------------------------------------------------------------- ------------------------------------------------------------------------- Sales 2009 ($millions) December ------------------------------------------------------------------------- Net New Mutual Funds: Sales Redemptions Money (1) ------------------------------------------------------------------------- Long-term mutual funds (2) $442.2 $509.0 $(66.8) ------------------------------------------------------------------------- Money market mutual funds 76.4 97.8 (21.4) ------------------------------------------------------------------------- Total Mutual Fund Sales 518.6 606.8 (88.2) ------------------------------------------------------------------------- Other retail managed products(3) 7.8 0.0 7.8 ------------------------------------------------------------------------- Total Fund Sales $526.4 $606.8 $(80.4) ------------------------------------------------------------------------- (1) Net New Money is defined as Sales less Redemptions and is consistent with the terminology used by IFIC. (2) Sales and Redemptions of long-term mutual funds for the month were higher as a result of redemption and rebalance transactions by three institutional investors. The impact of the redemption and rebalance transactions was net redemptions of $9.2 million, which is reflected in the net new money total for the month. (3) This amount includes sales for The Canadian Shield Fund.