Mackenzie Investments deepens emerging markets expertise to meet growing investor need

TORONTO, Sept. 29, 2014 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) is pleased to announce the formation of the Mackenzie Global Emerging Markets Team, based in Singapore. Jan Cornelis de Bruijn, ASIP joined the firm on September 1 as Senior Vice President, Investment Management and will lead the new team.

Mr. de Bruijn has 22 years of investment experience with significant expertise in building, developing and leading emerging markets investment teams.

"Jan brings a well-diversified, thematic approach, backed by a robust and repeatable investment process," said Tony Elavia, Chief Investment Officer at Mackenzie Investments. "As emerging markets grow in economic importance, his role in delivering investment expertise and on-the-ground analysis will provide clients with exposure to this important growth potential."

In conjunction with this announcement, Mackenzie Investments is proposing to change the investment objectives of the Mackenzie Cundill Emerging Markets Class, subject to investor approval. The change involves a broadening of investment objectives of the existing Fund in order to expand beyond its current focus.

A special meeting of Fund investors is scheduled for November 19, 2014 to consider and vote on the proposed new investment objectives. Investors who hold securities of the Fund as of October 9, 2014 will be entitled to vote at the meeting. If approved, the changes to the Fund will come into effect on or about November 20, 2014.

"We are proposing the objectives change to increase the investment team's flexibility, so that they can effectively position the Fund to meet the goals of investors in a changing world," said Mr. Elavia.

Pending investor approval of objectives changes, Mackenzie Investments will implement the following:

  • Mackenzie Global Emerging Markets Team will assume portfolio management responsibility
  • The Fund will be renamed Mackenzie Emerging Markets Opportunities Class
  • Management fees for certain series of the Fund will be reduced, details of which will be provided in the information circular

Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $72.2 billion in assets under management as at August 31, 2014, 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 over $144 billion in total assets under management as at August 31, 2014. For more information, visit mackenzieinvestments.com.

SOURCE: Mackenzie Investments

For further information: Liana George, Vice President, Corporate Communications, Mackenzie Investments, 416-967-2219, lgeorge@mackenzieinvestments.com

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