Mackenzie Investments refines product lineup

Mackenzie Investments announced 10 fund mergers to simplify its product shelf. Nine of the proposed mergers and both of the proposed investment objectives changes are subject to investor approval. The firm said on Thursday it’s proposing to change the investment objectives of its Mackenzie Global Concentrated Equity Fund to reflect a rules-based investment approach and […]

By Staff | September 22, 2016 | Last updated on September 22, 2016

1 min read

Mackenzie Investments announced 10 fund mergers to simplify its product shelf.

Nine of the proposed mergers and both of the proposed investment objectives changes are subject to investor approval. The firm said on Thursday it’s proposing to change the investment objectives of its Mackenzie Global Concentrated Equity Fund to reflect a rules-based investment approach and diversified portfolio with balanced exposures across sectors, industries and risk factors.

Rick Weed, senior vice-president and portfolio manager, will be named lead portfolio manager of the fund, subject to approval of the change.

The proposed changes are listed below.

Existing fund (terminating fund)	To be merged into (continuing fund)
Mackenzie Global Diversified Balanced Fund	Mackenzie Global Strategic Income Fund
Mackenzie Global Asset Strategy Fund	Mackenzie Global Strategic Income Fund
Mackenzie Real Return Bond Fund	Mackenzie Canadian Bond Fund
Mackenzie Global Bond Fund	Mackenzie Global Tactical Bond Fund
Mackenzie All Cap Dividend Class	Mackenzie Canadian All Cap Dividend Class
Mackenzie Canadian Concentrated Equity Fund	Mackenzie Canadian Growth Fund
Mackenzie Diversified Equity Fund	Mackenzie Global Dividend Fund
Mackenzie Global Diversified Equity Class	Mackenzie Global Dividend Fund
Mackenzie Global Concentrated Equity Class	Mackenzie Global Concentrated Equity Fund
Mackenzie USD Convertible Securities Fund	Mackenzie USD Global Tactical Bond Fund

Staff

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