TORONTO, Aug. 15 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) today announced the approval of the merger of Mackenzie Universal
Growth Trends Class into Mackenzie Universal Global Future Class. Shareholders
of both funds approved the merger, which will come into effect on August 17,
The newly merged fund will be named Mackenzie Universal Global Growth
Both funds have similar global equity mandates and growth management
styles. Investors in Series A, F and I of Universal Growth Trends Class will
benefit from the continuing fund's lower management fee. The management fee
for those series of Universal Global Growth Class is 0.25 per cent (25 basis
points) lower than the Universal Growth Trends management fee.
Mackenzie's Mark Grammer will continue on as lead manager of the newly
merged fund, under the same investment objectives and strategies as have been
employed since he assumed the lead manager role in 2003 for Mackenzie
Universal Global Future Class.
Consistent with the name change on the above Capital Class versions,
Mackenzie Universal Global Future Fund will be renamed Mackenzie Universal
Global Growth Fund, also effective August 17.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $64.6 billion in assets under management as of July 31, 2007,
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 $125 billion in total
assets under management as of July 31, 2007.
For further information:
For further information: Catharine Marion or Mike Langdon, Environics
Communications, (416) 969-2809, (416) 969-2820, firstname.lastname@example.org,