Mackenzie Financial Corp. announced Thursday that it will substitute two of the six portfolio management teams that currently manage Mackenzie Focus Fund and Mackenzie Focus Class, effective August 29.
The funds’ roster of managers will include Jerry Javasky, head of Mackenzie’s Ivy Funds, and David Ginther, a U.S. dividend equity specialist with Waddell & Reed Financial Inc.
Mackenzie says Javasky and the Mackenzie Ivy team will apply their disciplined investment style, seeking to own companies from around the world with superior and relatively consistent longer-term growth prospects, purchased at attractive prices. Javasky replaces Polar Capital LLP, which managed a technology-specific mandate, as one of six teams advising the funds. Polar Capital continues to sub-advise Mackenzie Universal World Science & Technology Class.
David Ginther’s mandate will be to select large-cap U.S. dividend-paying securities for the funds. Ginther is also lead portfolio manager of Mackenzie Universal U.S. Dividend Income Fund. He joins his colleagues Phil Sanders and Dan Becker, as Waddell & Reed co-managers of the funds. Ginther will assume his portion of the funds from his colleague Mark Seferovich, also of Waddell & Reed. Seferovich managed a U.S. small-cap mandate.
Mackenzie announces changes to Focus funds
- By: IE Staff
- July 25, 2008 July 25, 2008
- 09:30