TORONTO, July 13, 2012 /CNW/ - Mackenzie Financial Corporation
(Mackenzie Investments) today proposed a change to the investment
objectives of three Symmetry funds.
The company is seeking approval to allow Symmetry Equity Class, Symmetry
Fixed Income Class and Symmetry Registered Fixed Income Fund to invest
primarily in securities of other mutual funds. If this change to
investment objectives is approved by investors, Symmetry portfolio
managers will gain greater flexibility to manage the risk-return
profile of the funds.
With risk-managed portfolios ranging from conservative to growth, the
Symmetry family of managed asset strategies has been designed for
investors seeking a convenient, well-diversified solution with
professional monitoring and rebalancing.
Full details about the proposed investment objective changes will be
outlined in a Management Information Circular and Proxy to be mailed in
August to investors of record. A special meeting of investors to
consider and vote on the proposed investment objective changes is
scheduled for September 21, 2012 at Mackenzie's office in Toronto. If
approved, the investment objective changes are expected to be effective
on renewal of the Mackenzie Funds simplified prospectus in early
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment
management firm providing investment advisory and related services.
With $60.7 billion in assets under management as at June 30, 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 $118 billion in total assets under
management as at June 30, 2012. For more information, visit www.mackenziefinancial.com.
SOURCE Mackenzie Investments
For further information:
Director, Communications and Media Relations