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

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  Published in Business and Finance on Tuesday, June 1st 2010 at 14:20 GMT by Market Wire
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 ------------------------------------------------------------------------- Total Assets Under Management 2010 2009 (AUM) ($millions) May May % Change ------------------------------------------------------------------------- Mutual Funds: ------------------------------------------------------------------------- Long-term mutual funds $38,404 $34,475 11.4% ------------------------------------------------------------------------- Money market mutual funds 1,230 1,900 (35.3)% ------------------------------------------------------------------------- Total Mutual Funds AUM 39,634 36,375 9.0% ------------------------------------------------------------------------- Institutional, sub-advised and other 22,755 21,376 6.5% ------------------------------------------------------------------------- Total Assets Under Management $62,389 $57,751 8.0% ------------------------------------------------------------------------- ------------------------------------------------------------------------- Sales 2010 May ($millions) ------------------------------------------------------------------------- Net New Mutual Funds: Sales Redemptions Money(1) ------------------------------------------------------------------------- Long-term mutual funds $339.1 $515.0 $(175.9) ------------------------------------------------------------------------- Money market mutual funds 51.1 63.6 (12.5) ------------------------------------------------------------------------- Total Mutual Fund Sales 390.2 578.6 (188.4) ------------------------------------------------------------------------- Other retail managed products 0.0 0.0 0.0 ------------------------------------------------------------------------- Total Fund Sales $390.2 $578.6 $(188.4) ------------------------------------------------------------------------- (1) Net New Money is defined as Sales less Redemptions and is consistent with the terminology used by IFIC.