Mackenzie Investments announced Friday the addition of a global real estate allocation to each of its six Keystone Portfolio Funds. The funds will be re-balanced to include a number of new allocations, with an expected completion date of January 22.
“Introducing this new asset class to the Keystone Portfolio Funds makes this ‘all in one’ portfolio solution even more effective for investors looking for diversification and solid returns,” said David Feather, president, Mackenzie Financial Services, Inc. “A global real estate presence enhances Keystone’s reputation for providing strong exposure to a wide-range of asset classes in an effort to minimize risk and maximize returns for investors.”
Exposure to global real estate will be represented by underlying investments in Mackenzie Universal World Real Estate Class, a globally diversified portfolio of real estate securities, sub-advised by ABN AMRO Asset Management.
The global real estate allocations within each of the six Keystone Portfolio Funds are:
- Keystone Diversified Income Portfolio Fund, 10%;
- Keystone Conservative Portfolio Fund, 10%;
- Keystone Balanced Portfolio Fund, 7.5%;
- Keystone Balanced Growth Portfolio Fund, 7.5%;
- Keystone Growth Portfolio Fund, 5%; and
- Keystone Maximum Growth Portfolio Fund, 5%.
Keystone Portfolio Funds are designed to meet each investor’s unique needs using strategic asset allocation. Each Keystone Portfolio Fund is an actively managed, all-in-one portfolio solution, diversified across 11 to 15 underlying funds.
Along with the introduction of global real estate, the multi-manager portfolios are being rebalanced with the intent of producing positive, value-added long-term returns with controlled risk, on a year-to-year basis under most market conditions, and improved ‘investment style neutrality’.
Karen Bleasby, senior vice-president, Mackenzie Investments, is responsible for re-balancing the six Keystone Portfolio Funds in consultation with Mercer Investment Consulting.