N@N

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

_{//business-finance.news-articles.net/content/201 .. ts-under-management-and-fund-sales-for-june.html}
^{Published in Business and Finance on Monday, July 5th 2010 at 11:00 GMT by Market Wire}  

 ------------------------------------------------------------------------- Total Assets Under Management 2010 2009 (AUM) ($millions) June June % Change ------------------------------------------------------------------------- Mutual Funds: Long-term mutual funds $37,673 $35,387 6.5% ------------------------------------------------------------------------- Money market mutual funds 1,194 1,847 (35.4)% ------------------------------------------------------------------------- Total Mutual Funds AUM 38,867 37,234 4.4% ------------------------------------------------------------------------- Institutional, sub-advised and other 22,018 20,564 7.1% ------------------------------------------------------------------------- Total Assets Under Management $60,885 $57,798 5.3% ------------------------------------------------------------------------- ------------------------------------------------------------------------- Sales 2010 June ($millions) ------------------------------------------------------------------------- Mutual Funds: Net New Sales Redemptions Money(1) ------------------------------------------------------------------------- Long-term mutual funds(2) $828.0 $553.9 $274.1 ------------------------------------------------------------------------- Money market mutual funds 41.1 75.8 (34.7) ------------------------------------------------------------------------- Total Mutual Fund Sales 869.1 629.7 239.4 ------------------------------------------------------------------------- Other retail managed products 0.0 8.2 (8.2) ------------------------------------------------------------------------- Total Fund Sales $869.1 $637.9 $231.2 ------------------------------------------------------------------------- (1) Net New Money is defined as Sales less Redemptions and is consistent with the terminology used by IFIC. (2) Sales of long-term mutual funds for the month were higher as a result of rebalance transactions by two institutional investors. The impact of the rebalance transactions resulted in net sales of $411.0 million, which is reflected in the net new money total for the month.