Business & Finance
Mon, April 4, 2011Sun, April 3, 2011Sat, April 2, 2011Fri, April 1, 2011Thu, March 31, 2011Mackenzie Investments reports total assets under management for March
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Published in Business and Finance on Friday, April 1st 2011 at 15:15 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
TORONTO, April 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 March 31, 2011. Assets under management were $70.7 billion at March 31, 2011, as compared to $64.9 billion at March 31, 2010 and $68.3 billion at December 31, 2010.
| Total Assets Under Management (AUM) ($millions) | 2011 March | 2010 March | % Change |
| Mutual Funds: | |||
| Long-term mutual funds | $43,885 | $40,066 | 9.5% |
| Money market mutual funds | 939 | 1,263 | (25.7)% |
| Total Mutual Funds AUM | 44,824 | 41,329 | 8.5% |
| Institutional, sub-advised and other | 25,855 | 23,528 | 9.9% |
| Total Assets Under Management | $70,679 | $64,857 | 9.0% |
For additional information about Mackenzie Investments' average assets under management, please see the IGM Financial press release, which will be available on April 4, 2011.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $70.7 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 $134 billion in total assets under management.