Toronto-based Mackenzie Financial Corp. has announced plans to merge several of its mutual funds in an effort to streamline its product shelf. The following mergers will take place on or about July 6: Mackenzie Private Canadian Money Market Pool will merge with Mackenzie Canadian Money Market Fund; Mackenzie Canadian Large Cap Growth Fund will be folded into Mackenzie Canadian Growth Fund; Mackenzie Canadian All Cap Balanced Fund will merge with Mackenzie Canadian Growth Balanced Fund. Mackenzie has proposed 10 additional fund mergers, subject to investor approval. For example, Mackenzie proposes to merge Mackenzie Ivy International Equity Fund with Mackenzie Ivy International Fund; and merge Mackenzie U.S. Large Cap Class with Mackenzie U.S. Growth Class. A special meeting to approve the proposed mergers will take place on or about June 22. For more information, visit mackenzieinvestments.com.
(fcollie@investmentexecutive.com).