TORONTO, June 18 /CNW/ - Mackenzie Financial Corporation ("Mackenzie
Investments") today announced that it is launching Mackenzie Sentinel
Short-Term Government Bond Fund ("the Fund"), which aims to provide a higher
return than traditional money market instruments through investment primarily
in a diversified portfolio of short-term government bonds. The Fund will be
available for purchase on June 19, 2009.
"Money market funds are still a popular place to park short-term assets,
but with the yields on many of these funds at or close to zero, many investors
are looking for an alternative," said David Feather, President of Mackenzie
Financial Services Inc. "Mackenzie Sentinel Short-Term Government Bond Fund is
a solution for investors who are seeking higher yield than is currently
available on money market instruments, without any corporate credit risk
Mackenzie Sentinel Short-Term Government Bond Fund will invest in bonds
issued or guaranteed by Canadian federal, provincial or municipal governments
based on relative value. The portfolio managers will analyze macroeconomic
factors such as economic growth, inflation, and monetary and fiscal policy to
position the maturity and credit quality of the Fund for different stages in
the business cycles. To limit price volatility, the average weighted term to
maturity of the securities is expected to be three years or less.
The Fund pays monthly distributions based on its net income.
Distributions are automatically reinvested in additional securities of the
Fund unless an investor elects to receive cash distributions.
Lead manager for the Mackenzie Sentinel Short-Term Government Bond Fund
is Chris Kresic, Senior Vice President of Investments and team lead of the
Sentinel investment team at Mackenzie. With 21 years investment experience,
Chris is a co-manager of the Lipper award-winning Sentinel Income Fund and is
the lead manager on several top performing fixed income and money market
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $57.8 billion in assets under management as of May 31, 2009,
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 over $108 billion in total
assets under management as of May 31, 2009.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. The indicated rates of return are the historical annual compounded
total returns including changes in security 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.
For further information:
For further information: Trish Tervit, Environics Communications Inc.,
(416) 969-2809, email@example.com