Mackenzie Investments proposes to enhance flexibility of three Symmetry funds
TORONTO, July 13, 2012 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) today proposed a change to the investment objectives of three Symmetry funds.
The company is seeking approval to allow Symmetry Equity Class, Symmetry Fixed Income Class and Symmetry Registered Fixed Income Fund to invest primarily in securities of other mutual funds. If this change to investment objectives is approved by investors, Symmetry portfolio managers will gain greater flexibility to manage the risk-return profile of the funds.
With risk-managed portfolios ranging from conservative to growth, the Symmetry family of managed asset strategies has been designed for investors seeking a convenient, well-diversified solution with professional monitoring and rebalancing.
Full details about the proposed investment objective changes will be outlined in a Management Information Circular and Proxy to be mailed in August to investors of record. A special meeting of investors to consider and vote on the proposed investment objective changes is scheduled for September 21, 2012 at Mackenzie's office in Toronto. If approved, the investment objective changes are expected to be effective on renewal of the Mackenzie Funds simplified prospectus in early October.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $60.7 billion in assets under management as at June 30, 2012, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with $118 billion in total assets under management as at June 30, 2012. For more information, visit www.mackenziefinancial.com.
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