Toronto-based Mackenzie Financial Corp. will make a change to the portfolio management for its emerging markets offerings, effective May 17, the company announced on Wednesday.
Industry veteran Arup Datta, who was hired by Mackenzie Investments Corp. in Boston last year, will manage Mackenzie Emerging Markets Class, Mackenzie Emerging Markets Opportunities Class and Mackenzie Emerging Markets Opportunities Fund using a quantitative investment approach. Mackenzie Investments Corp. will act as a subadvisor to Mackenzie Financial.
“Mackenzie will benefit from Arup’s 25 years of experience in quantitative equity investing and proven track record in emerging markets,” says Tony Elavia, executive vice president and chief investment officer, in a statement. “Investors will further benefit from our in-house knowledge and stewardship as Arup and his team take on expanded responsibilities with Mackenzie.”
As previously announced, Mackenzie Emerging Markets Opportunities Class will merge into Mackenzie Emerging Markets Class on July 6 as part of a number of mergers to streamline Mackenzie’s product shelf.