(September 17 – 17:10 ET) –
Mackenzie Investment Management
Inc. has reported its mutual
fund sales for August 1999.
Combined gross sales of U.S. and
Canadian mutual funds managed by
Ivy Mackenzie were $118.2
million. Combined net sales, after
redemption, of U.S. and Canadian
mutual funds managed by Ivy
Mackenzie were $38.0 million for
August. Gross sales for Mackenzie’s
U.S.-sold mutual funds totaled
$30.8 million for August 1999.
Net sales totaled ($38.1) million.
Gross sales of Mackenzie
Financial Corporation’s Canadian-
sold mutual funds managed by Ivy
Mackenzie were $130.4 million
for August 1999. Net sales, after
redemptions, totaled $113.6
million. Both are quoted in
Canadian dollars. In total, Ivy
Mackenzie manages $1.886 billion,
in U.S. dollars, for Canadian
investors.
Ivy Mackenzie’s combined assets
under management as of August 31,
1999 were $5.160 billion, in U.S.
dollars.
-IE Staff
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