Mackenzie Financial Corp.’s in-house growth investing team has assumed management of Mackenzie Universal Health Sciences Capital Class, effective July 25. The team, led by Wendy Chua,
Ian Ainsworth and Mark Grammer, replaces sub-advisor Alliance Capital Management Canada Inc. “There was an opportunity to put the fund in the hands of a management team that has experience and a track record in health-care investing, and reduce fees,” says Kevin Hurlburt, Mackenzie’s senior vice president of marketing. The management fee has been cut by 0.25% to 2%.