Mackenzie Financial Corp. has unveiled a new pooled wrap program that it says combines the benefits of asset allocation with active, advisor enhancements.
The program, called Symmetry, is a “one-stop portfolio solution [that] strives to create the optimal asset mix for an investor’s investment objectives and offers ongoing monitoring, rebalancing and reporting,” Mackenzie said in a release.
Mackenzie said the program allows further customization with the integration of active funds to incorporate style biases, investment themes, or concentration on a particular geographic region. In addition, as part of the company’s proprietary capital class structure, Symmetry offers a level of tax optimization “unmatched among wrap programs in Canada.”
All pools and funds, including U.S. and international funds, are 100% RRSP-eligible as Canadian content, eliminating foreign content concerns for registered accounts.
Mackenzie said Symmetry pools are managed by managers from Mackenzie as well as AGF Funds Inc., Bissett Investment Management, Bluewater Investment Management Inc., Dreman Value Management, L.L.C, Templeton Investment Management, Peter Cundill & Associates (Bermuda) Ltd., UBS Global Asset Management (Canada) Co., and Waddell & Reed Ivy Investment Management Company. Mackenzie has retained Mercer Investment Consulting to provide asset class and manager research input.
Symmetry is available through independent financial advisors across Canada at a minimum investment of $25,000 for registered accounts and $50,000 for non-registered.
New pooled wrap program from Mackenzie
Symmetry offers tax advantages and easy customization, company says
- By: IE Staff
- February 16, 2004 February 16, 2004
- 14:40