Mackenzie Cundill Value Fund and Mackenzie Sentinel Income Fund win for
third year in a row; Mackenzie Cundill Recovery Fund wins for second consecutive year
TORONTO, Feb. 4 /CNW/ - Mackenzie Investments has been recognized for
industry leading fund performance at the prestigious 2011 Lipper® Fund
Award ceremony, held February 3rd in Toronto. The Awards recognize the
top funds in each classification that have delivered stronger and more
consistent performance than their peers.
Lipper's proprietary fund rating methodology is used to determine the
winners. This quantitative approach ensures that the Lipper Awards are
performance-based and objective.
The Mackenzie funds recognized as part of this year's Lipper® Awards
Best 10-year performance
Mackenzie Sentinel Income Fund
Canadian Fixed Income Balanced
Mackenzie Cundill Value Fund
Mackenzie Cundill Recovery Fund
Global Small/Mid Cap Equity
Best 3-year performance
Mackenzie Ivy European Class
Mackenzie Universal U.S. Emerging Growth Class
U.S. Small/Mid Cap Equity
Best 1-year performance
Mackenzie Sentinel Registered Strategic Income Fund
Canadian Neutral Balanced
Mackenzie Cundill Emerging Markets Value Class
Emerging Markets Equity
Mackenzie Cundill Value Fund and Mackenzie Sentinel Income Fund were
honoured with best 10-year risk-adjusted performance for the third year
in a row. Two of Mackenzie's longest standing, most recognized funds,
both Mackenzie Cundill Value Fund and Mackenzie Sentinel Income Fund
have been helping clients meet their investment goals for over 36
years. "We are very proud of the portfolio managers of these funds, who
maintained top performance in their categories over what has been a
challenging decade," said Charles R. Sims, President and Chief
Executive Officer of Mackenzie Financial Corporation.
Andrew Massie and David Tiley co-manage Mackenzie Cundill Value Fund,
working together to identify the best investment ideas for the fund.
Mackenzie Sentinel Income Fund combines the investment talents of
Norman Raschkowan, team lead of Mackenzie Maxxum Funds, and Steve
Locke, co-lead of the Sentinel Group of Funds. Raschkowan manages the
equity portion of the fund, while Locke manages the fixed income
Mackenzie Sentinel Registered Strategic Income Fund, managed by Dan
Bastasic, co-lead of the Sentinel team, received the award for best
1-year performance in the Canadian Neutral Balanced category.
James Morton is portfolio manager for two of our Lipper Award winners:
Mackenzie Cundill Recovery Fund and Mackenzie Cundill Emerging Markets
Value Class. A repeat winner, Mackenzie Cundill Recovery Fund received
the 2011 Lipper Award for best 10-year performance in the Global
Small/Mid Cap category, following its award for best 1-year performance
in the same category last year. "We are fortunate to have such a
capable manager at the helm of these funds. James has more than 30
years of investment experience, and his extensive knowledge and
understanding of emerging markets and recovery situations is
invaluable," said Sims.
"We are also pleased that the hard work and results of Paul Musson and
Gil Scott have been recognized," added Sims. Musson is portfolio
manager of Mackenzie Ivy European Class; Scott is from Mackenzie
sub-advisor Waddell & Reed and is portfolio manager of Mackenzie
Universal US Emerging Growth Class. Both of these funds garnered best
3-year performance awards.
About the Lipper® Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for
Excellence, a global family of awards that celebrate exceptional
performance throughout the professional investment community. The
Thomson Reuters Awards for Excellence recognize the world's top funds,
hedge funds, fund management firms, sell-side firms, research analysts,
and investor relations teams. The Thomson Reuters Awards for Excellence
also include the Lipper Hedge Fund Awards, the Extel Survey Awards, the
StarMine Analyst Awards, and the StarMine Broker Rankings.
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.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
before investing. Mackenzie Sentinel Income Fund Series A: 1 yr. 7.2%,
3 yr. 3.7%, 5 yr. 3.4%. 10 yr. 5.4%; Mackenzie Cundill Value Fund
Series C: 1 yr. 16.9%, 3 yr. -0.3%, 5 yr. 0.5%. 10 yr. 4.6%; Mackenzie
Cundill Recovery Fund Series C: 1 yr. 28.7%, 3 yr. 1.1%, 5 yr. 7.0%. 10
yr. 12.2%; Mackenzie Ivy European Class: 1 yr. 1.3%, 3 yr. 1.7%, 5 yr.
4.1%. Since incep. (Nov. 2002) 3.9%; Mackenzie Universal US Emerging
Growth Class: 1 yr. 27.9%, 3 yr. 9.2%, 5 yr. 1.5%. 10 yr. -4.2%;
Mackenzie Sentinel Registered Strategic Income Fund: 1 yr. 17.7%, 3 yr.
8.0%, Since incep. (Dec. 2005) 5.6%; Mackenzie Cundill Emerging Markets
Value Class A: 1 yr. 25.0%, 3 yr. -8.9%, Since incep. (April 2007)
-6.9%. The indicated rates of return are the historical annual
compounded total returns as of January 31, 2011 including changes in
unit value and reinvestment of all dividends or distributions and do
not take into account sales, redemption, distribution or optional
charges or income taxes payable by any securityholder that would have
reduced returns. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
SOURCE Mackenzie Financial Corporation
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