Diversified Fixed Income Folio Fund reclassified and now suitable for clients with "low" risk tolerance
TORONTO, Feb. 14, 2017 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) and Quadrus Investment Services Ltd. announced today a reclassification of the Canadian Investment Funds Standards Committee ("CIFSC") category for Diversified Fixed Income Folio Fund (the "Fund") from "Global Fixed Income" to "Canadian Fixed Income". Concurrent with this reclassification, a foreign content limit of 30% has been implemented and the risk rating for the Fund has been changed from "Low to Medium" to "Low".
The Fund is strategically designed to seek higher income and to provide fixed-income diversification through a fund-of-funds structure as an excellent solution for today's challenging fixed-income environment.
Unitholders may now include this Fund in a portfolio in place of a traditional Canadian bond fund with the same risk rating, if deemed suitable to the client.
About Quadrus Investments Services Ltd.
Quadrus Investment Services Ltd. ("Quadrus") is one of the largest mutual fund dealers in Canada. Quadrus is a member of the Great-West Lifeco Inc. group of companies, which includes Great-West Life, London Life and Canada Life. Quadrus Group of Funds is distributed exclusively through Quadrus Investment Services Ltd.
About Quadrus Group of Funds
Quadrus Group of Funds is managed by Mackenzie Investments and distributed exclusively through Quadrus Investment Services. 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. For more information about Mackenzie Investments, visit mackenzieinvestments.com.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $63.9 billion in assets under management as at January 31, 2017, 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 $141 billion in total assets under management as at January 31, 2017. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation
For further information: Trish Tervit, Director, Communications and Media Relations, Mackenzie Investments, 416-967-2166, [email protected]