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

^{Published on 2010-08-03 14:01:16 - Market Wire}
 

 ------------------------------------------------------------------------- Total Assets Under Management 2010 2009 (AUM) ($millions) July July % Change ------------------------------------------------------------------------- Mutual Funds: ------------------------------------------------------------------------- Long-term mutual funds $38,724 $36,093 7.3% ------------------------------------------------------------------------- Money market mutual funds 1,171 1,787 (34.5)% ------------------------------------------------------------------------- Total Mutual Funds AUM 39,895 37,880 5.3% ------------------------------------------------------------------------- Institutional, sub-advised and other 22,501 20,930 7.5% ------------------------------------------------------------------------- Total Assets Under Management $62,396 $58,810 6.1% ------------------------------------------------------------------------- ------------------------------------------------------------------------- Sales 2010 July ($millions) ------------------------------------------------------------------------- Net New Mutual Funds: Sales Redemptions Money(1) ------------------------------------------------------------------------- Long-term mutual funds(2) $311.7 $429.5 $(117.8) ------------------------------------------------------------------------- Money market mutual funds 28.4 49.3 (20.9) ------------------------------------------------------------------------- Total Mutual Fund Sales 340.1 478.8 (138.7) ------------------------------------------------------------------------- Other retail managed products 0.0 0.0 0.0 ------------------------------------------------------------------------- Total Fund Sales $340.1 $478.8 $(138.7) ------------------------------------------------------------------------- (1) Net New Money is defined as Sales less Redemptions and is consistent with the terminology used by IFIC. (2) Redemptions of long-term mutual funds for the month were higher as a result of rebalance transactions by an institutional investor. The impact of the rebalance transactions resulted in net redemptions of $11.0 million, which is reflected in the net new money total for the month.