Mackenzie and Quadrus launch HNW series and new fund

By Staff | June 28, 2018 | Last updated on June 28, 2018
2 min read

Mackenzie Investments and Quadrus Investment Services Ltd. have launched a new high-net-worth series along with a new mutual fund.

The firms announced in a release that the series options were designed with high-net-worth (HNW) investors in mind and are available on all funds. The minimum amount required to invest in the series is $500,000.

The main difference between the HNW series and the corresponding retail series is lower fees for the HNW series, said Kevin Hwee, assistant vice-president of funds product design and pricing, wealth solutions at Great-West Life, London Life, Canada Life, in an email to The fees vary according to the fund.

Mackenzie and Quadrus also launched the Global All Cap Equity Fund “to provide investors with a unit trust mutual fund option for the equivalent corporate class option already available,” added the release.

The series and the fund will be available as of Aug. 7, 2018.

Read: Mackenzie Investments to merge funds

Changes to risk ratings

Changes to the risk ratings for the following Quadrus funds were made to comply with Canadian Securities Administrators’ Risk Classification Methodology. The investment objectives or strategies were not changed for the funds.

Fund name Category Current risk rating New risk rating
Dividend Class (GWLIM) Canadian Dividend & Income Equity Medium Low to Medium
Dividend Fund (GWLIM) Canadian Dividend & Income Equity Medium Low to Medium
Global Dividend Equity Class (Setanta) Global Equity Medium Low to Medium
Global Dividend Equity Fund (Setanta) Global Equity Medium Low to Medium
Global Real Estate Fund (London Capital) Real Estate Equity Medium to High Medium
Moderate Folio Fund Canadian Fixed Income Balanced Low to Medium Low
U.S. International Specialty Class Global Small/Mid Cap Equity Medium to High Medium
U.S. Low Volatility Fund (Putnam) U.S. Equity Low to Medium Medium


Wealth of Global HNW individuals exceeded US$70T for first time: report

Advisors have new resource to serve philanthropic needs of HNW clients staff


The staff of have been covering news for financial advisors since 1998.