TORONTO, Feb. 8, 2012 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) today introduced two new services: One-Step Dollar Cost
Averaging (DCA) and the Flexible Payout Service (FPS).
"Both these new services are designed to give investors greater
flexibility and control over their investments," said Mary Taylor,
Senior Vice-President, Product and Marketing of Mackenzie Investments.
"Mackenzie One-Step Dollar Cost Averaging helps investors build wealth
in a systematic, common sense way, and the Flexible Payout Service
gives investors greater control over how much cash they receive from
Mackenzie One-Step Dollar Cost Averaging
Mackenzie One-Step DCA provides investors with a proven, systematic
means of investing in the financial markets and staying invested over
"This strategy is especially useful when markets are volatile and many
investors are unsure of when to invest," said Taylor. "Whether you are
new to investing or on the sidelines, Mackenzie One-Step DCA can help
you get into the market and start investing in a systematic way."
The concept is simple: an investor makes a fixed dollar contribution
into Mackenzie Sentinel Money Market Fund or Mackenzie Sentinel
Canadian Short-Term Yield Class as the allocator fund, and then every
week part of the money is automatically switched into a pre-determined
Mackenzie fund over the course of one year. For example, if you
deposit $5,200, every week $100 would be transferred into the Mackenzie
fund you have chosen working with your financial advisor. "By investing
on a weekly basis, investors may benefit by buying more securities when
prices are low and fewer securities when prices are higher, averaging
out costs in the long run," said Taylor.
Mackenzie One-Step DCA is only approved for sale by certain dealers;
financial advisors should check with their dealer for availability.
Mackenzie Flexible Payout Service
Designed for investors who are drawing cash from their investments,
Mackenzie's FPS allows investors to customize the amount of cash they
receive by choosing monthly payments, either at a percentage rate or a
specific dollar amount. The only limitation is that the cash payout
cannot exceed the amount distributed on the fund securities they hold.
The selected payment rate can be modified at any time to suit changing
By using the Flexible Payout Service on Mackenzie corporate class funds,
investors can receive cash flows that are completely tax-deferred, as
the monthly distributions on these funds consist entirely of return of
capital (ROC). Many investors choose to defer taxes until they retire
and are in a lower tax bracket.
Mackenzie's FPS is available on most Mackenzie mutual fund series that
pay regular monthly distributions at a fixed percentage rate.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment
management firm providing investment advisory and related services.
With $63.4 billion in assets under management as of January 31, 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 approximately $122.0 billion in total
assets under management as of January 31, 2012.
SOURCE Mackenzie Investments
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