TORONTO, March 6,
2024 /CNW/ - As part of its ongoing efforts to
streamline its product shelf, Mackenzie Investments ("Mackenzie")
today announced one proposed fund merger and one proposed fund
termination, subject to a vote by unitholders. Additionally,
Mackenzie announced a portfolio management and investment strategy
change to one mutual fund and ETF.
Merger and Termination
Mackenzie has proposed the following fund merger:
Existing
Fund
|
To be merged into
(Continuing Fund)
|
Mackenzie
Multi-Strategy Absolute Return Fund
|
Mackenzie Global Macro
Fund
|
Further, Mackenzie announced the proposed termination of the
Mackenzie Credit Absolute Return Fund.
Investors of record on or about April 8,
2024 in the Mackenzie Multi-Strategy Absolute Return Fund
and/or Mackenzie Credit Absolute Return Fund will receive a notice
of meeting prior to a special meeting of investors to be held on or
about May 31, 2024. If approved, both
the merger and termination (including liquidation) of funds is
expected to be executed on or about June 21,
2024.
Portfolio Management and
Investment Strategy Change
Mackenzie also announced that it will make a change to the
portfolio management of the Mackenzie Global Women's Leadership
Fund ("the Fund") and Mackenzie Global Women's Leadership ETF ("the
ETF") by replacing current sub-advisor Impax Asset Management with
the Mackenzie Multi-Asset Strategies team ("the team"). Mackenzie
will make changes to the investment strategy of the Fund and ETF to
align with the team's investment philosophy.
This change is not subject to investor approval and will take
place on or around April 3,
2024.
About Mackenzie
Investments
Mackenzie Investments ("Mackenzie") is a leading investment
management firm with $196.1 billion
in assets under management as of January
31, 2024. Mackenzie provides investment solutions and
related services to more than one million retail and institutional
clients through multiple distribution channels. Founded in 1967,
Mackenzie is a global asset manager with offices across
Canada as well as in Boston, Dublin, London, Hong
Kong and Beijing. Mackenzie
is a member of IGM Financial Inc. (TSX: IGM), one of Canada's premier financial services companies
with approximately $241 billion in
total assets under management as of January
31, 2024. For more information, visit
mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation