Mackenzie Financial Corp. today announced the addition of Connor Clark & Lunn Investment Management Ltd. and Goodman & Co., Investment Counsel Ltd. as sub-advisors to Symmetry Registered Fixed Income Pool and Mackenzie Fixed Income Fund, the underlying fund of Symmetry Managed Return Capital Class.

Effective October 1, CC&L and Goodman & Co. will manage a portion of each pool’s fixed income assets alongside existing Mackenzie and Waddell & Reed managers.

“Both CC&L and Goodman & Co. have strong fixed income performance and their distinct investment styles make them an ideal fit within Symmetry,” said David Feather, president, Mackenzie Financial Services Inc., in a release.

The addition of two sub-advisors will help to further diversify the pools for the benefit of Symmetry investors.

The new teams will be led by Brian Eby, a 20-year fixed income veteran, portfolio manager and co-leader of the fixed income team at CC&L, and Goodman & Co.ss Michael McHugh, a 17-year expert and portfolio manager currently managing fixed income portfolios and bond components for several balanced funds at Dynamic Mutual Funds.

Mackenzie, CC&L and Goodman & Co. will share responsibility for the management of Canadian government and corporate bonds within the pools. Mackenzie’s team including Chris Kresic, senior vice president, investments and head of the fixed income team, will continue to manage Mackenzie’s portion of the fixed income pools. Waddell and Reed will continue to manage the foreign assets.

Symmetry is a strategic asset allocation program that aims to create the most favourable asset mix for an investor while offering long-term risk controlled growth.