Mackenzie Investments announces change to Mackenzie Focus Fund and Mackenzie Focus Class

TORONTO, Feb. 24 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) today announced that effective March 31, 2011, Mackenzie Focus Fund and Mackenzie Focus Class will be managed by five instead of six portfolio management teams. Henderson Global Investors will no longer sub-advise to the funds. The funds' portfolio management teams and mandates will consist of: 

  • Mackenzie Cundill team - Global fundamental value; 
  • Mackenzie Ivy team - Pan-European value-growth blend (formerly Global equity);
  • Mackenzie Universal Growth team - Pan-Pacific region growth; 
  • Waddell & Reed Financial, Inc. - U.S. large cap dividend; and,
  • Waddell & Reed Financial, Inc. - U.S. large cap growth.

Each portfolio management team of Mackenzie Focus Fund and Mackenzie Focus Class selects approximately 10 securities within their style specialty/geographic focus to build a globally diversified portfolio.

Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $68.9 billion in assets under management as of January 31, 2011, Mackenzie Investments distributes its services through a diversified network of third-party financial advisors. 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 $131 billion in total assets under management as of January 31, 2011.

SOURCE Mackenzie Financial Corporation

For further information:

Trish Tervit
Environics Communications Inc.
416-969-2809
ttervit@environicspr.com


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