Mackenzie launches new mutual fund

Toronto-based Mackenzie Investments introduced the Mackenzie Global Small-Mid Cap Fund on Wednesday. 

The mutual fund is designed to provide investors with access to small- and mid-cap companies from around the world, according to a release.

“Small and mid cap stocks have historically offered higher absolute returns relative to large caps,” Kristi Ashcroft, Mackenzie’s senior vice-president and head of product, said in a statement. “We believe that gaining exposure to smaller and mid-sized global companies will diversify [investors’] portfolios and provide the potential for solid returns.”

The fund is managed by Phil Taller, Kalle Huhdanmaki and Bryan Mattei.

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