By James Langton

(January 4 – 10:30 ET) – Mackenzie Financial Corp. is reporting Canadian mutual fund net sales of $330 million for the month ending December 31.

Total assets under administration at December 31 were $37.374 billion, including $31.719 billion in mutual funds. The December mutual fund results were comprised of gross sales of $633 million and redemptions of $303 million. December’s gross sales includes $179 million from an unnamed third party institutional investor.

“Our sales results have been awesome since launching our Capital Class structure and two unique Managed Yield funds,” said Phil Cunningham, president of Mackenzie Financial Services. Alluding to the abandoned hostile takeover launched by C.I. Fund Management Inc. last year, Cunningham says, “Despite recent distractions, we are very focused on delivering the investment products that serve our clients and build our business.”

“We are also seeing renewed strength in sales of our Canadian equity funds such as the Ivy family,” added Cunningham. “Performance in these funds has been very strong as the market has shifted back in favour of value stocks and the outlook for the Canadian market is good.”

In mid-January, the eight new Keystone Altamira Advisor Funds will be available through independent financial advisors. The new advisor funds are marketed and distributed by MRS and Mackenzie, and sub-advised by Altamira.