Business & Finance
Business and Finance
Business and Finance
Wed, March 2, 2011
Tue, March 1, 2011 Mackenzie Investments reports total assets under management for February
TORONTO, March 1 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments), part of IGM Financial Inc. (TSX: IGM), today announced preliminary total assets under management for the month ending February 28, 2011. Assets under management were $70.3 billion at February 28, 2011, as compared to $63.3 billion at February 28, 2010 and $68.3 billion at December 31, 2010.
| Total Assets Under Management (AUM) ($millions) | 2011 February | 2010 February | % Change |
| Mutual Funds: | |||
| Long-term mutual funds | $43,850 | $38,874 | 12.8% |
| Money market mutual funds | 939 | 1,333 | (29.6)% |
| Total Mutual Funds AUM | 44,789 | 40,207 | 11.4% |
| Institutional, sub-advised and other | 25,501 | 23,115 | 10.3% |
| Total Assets Under Management | $70,290 | $63,322 | 11.0% |
For additional information about Mackenzie Investments' average assets under management, please see the IGM Financial press release, which will be available on March 2, 2011.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $70.3 billion in assets under management, Mackenzie Investments distributes its services through a diversified network of third-party financial advisors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $133 billion in total assets under management.
