Mackenzie Investments today announced that investors have approved a change to the investment objectives for Mackenzie Universal Precious Metals Fund, Mackenzie Universal Canadian Resource Fund and Mackenzie Universal Canadian Resource Class.
Effective immediately, the funds will have the ability to invest up to 49% of assets in non-Canadian securities.
Mackenzie says this investment change provides a broadened investment universe for the fund’s investment team, led by award winning manager Fred Sturm. In addition, the change is expected to increase diversification, as a number of natural resource sectors are not fully represented in the Canadian market.
Previously, Mackenzie Universal Precious Metals Fund could invest up to 30% in non-Canadian securities and Mackenzie Universal Canadian Resource funds could invest up to 35% in non-Canadian securities.
Mackenzie boosts foreign content of precious metals and Canadian resource funds
Broader mandate gives investors exposure to opportunities outside of Canada
- By: IE Staff
- February 28, 2007 February 28, 2007
- 14:45
IE Staff