Mackenzie Financial Corp. has scheduled a shareholder meeting to vote on a proposal to merge Keystone AIM Trimark Canadian Equity Fund into Keystone Bissett Canadian Equity Fund. Mackenzie says the merger follows a strategic review of the funds and is part of an ongoing series of initiatives over the past several years. “Both these funds are within our Keystone asset allocation program, which we re-evaluated and changed to enhance performance,” says Eric Grove, Mackenzie’s vice president of marketing. “We found Bissett Canadian Equity Fund was a better representation of what we needed in the portfolio lineup.” The merged fund will continue to be managed by Franklin Templeton Investment’s Bissett arm, Grove says. The merger will take effect May 17, 2006, pending shareholder and regulatory approval. All fees and commissions remain the same.
Mackenzie proposes Keystone fund merger
- By: Lara Hertel
- December 5, 2005 June 1, 2019
- 14:56