Toronto-based Mackenzie Investments is launching five new funds and is seeking investor approval to change another fund’s objectives.
Mackenzie says the new funds and the repurposed fund directly address the need for either volatility management or income generation amidst changing market conditions.
“Reaching long-term financial goals becomes more difficult when people limit themselves to low-yielding, safer products as markets change,” said Jeff Carney, president and CEO of Mackenzie Investments. “We are committed to helping investors look ahead to take better control of their financial plans and overcome obstacles to income and portfolio growth.”
Mackenzie US Low Volatility Fund seeks to address the need to reduce volatility while gaining valuable exposure to equity markets that offer capital growth potential.
Managed by Robert Schoen and Adrian Chan of Putnam Investments, the fund seeks to manage volatility by investing in a portfolio of low-beta stocks. Low-beta stocks are securities that historically have been less volatile than the market as a whole. With the primary objective of reducing volatility, the fund has been designed to appeal to risk-averse investors who are looking for U.S. equity exposure without the excessive swings in returns.
The following four funds aim to satisfy the growing appetite for regular income:
Mackenzie Investment Grade Floating Rate Fund seeks to provide investors with diversification from traditional fixed-rate fixed income, protection from rising rates and income enhancement through security selection. Sitting at historical lows in recent years, rates may rise over time and traditional investment grade portfolios would likely underperform in such an environment. Managed by the Mackenzie fixed income team led by Steve Locke, the fund will invest primarily in investment-grade floating rate notes and loans, and other floating rate debt instruments.
Mackenzie Global Tactical Bond Fund seeks to diversify along the yield spectrum to uncover attractive yield opportunities. Co-managed by Konstantin Boehmer and Steve Locke of the Mackenzie fixed income team, the fund will invest in a diversified portfolio of fixed income securities of companies and governments around the world. This flexible approach will enable the managers to allocate assets across credit quality, yields, sectors, currencies and countries where they see the best relative value for risk.
Mackenzie US Dividend Fund and Mackenzie US Dividend Registered Fund seek current income and capital appreciation by investing in quality dividend-paying companies in the United States. The managers, Mackenzie global equity and income team led by Darren McKiernan, recognize that the Canadian market is highly concentrated while the U.S. is home to some of the world’s most innovative, industry-leading companies. The funds are available in both non-registered and registered versions to benefit investors. The registered version (i.e., for RRSPs and RRIFs) is expected to be exempt from U.S. withholding taxes.
Mackenzie Global Strategic Income Fund
To complement the new income oriented funds listed above, Mackenzie has proposed changes to the investment objectives of Mackenzie Global Diversified Income Fund, co-managed by Steve Locke and Darren McKiernan. If approved by investors on April 29, the fund will be renamed Mackenzie Global Strategic Income Fund and will share the same flexible income approach as the proven Mackenzie Strategic Income Fund, but with a broader global focus, and will appeal to those seeking a well-diversified global income strategy. If approved, Mackenzie expects these changes to be effective on April 30.
Visit mackenzieinvestments.com/takecontrol for more information.
With $68.4 billion in assets under management as at March 31, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors.