TORONTO, Dec. 14, 2015 /CNW/ - To help affluent investors manage and maintain wealth, Mackenzie Financial Corporation (Mackenzie Investments) today launched Mackenzie Private Wealth Pools – a suite of eight unique mandates that blend a carefully modeled long-term strategic asset allocation with a multi-manager structure that employs experienced professionals from Mackenzie's investment boutiques, each with their own style and strategy. In addition, four mandates are also offered through a corporate class structure. These pools are provided through Mackenzie's Private Wealth Solutions – a program that includes Mackenzie's Preferred Pricing program and Private Wealth Counsel service – and are exclusively for affluent investors with a minimum initial investment of $150,000.
"Thanks to our robust new suite of pools, affluent Canadians now have numerous options when looking for ways to maximize their wealth building and income potential. In addition, tax efficiency can also be maintained within the four mandates offered through the corporate class structure," said Michael Schnitman, Senior Vice President, Product of Mackenzie Investments. "These institutional-style investment pools offer a wide range of investment options that include capital preservation, balanced and growth, all designed to give high net worth investors an attractive combination of risk and return."
The pools will be serviced under Mackenzie Private Wealth Solutions, providing superior service and features. The pools offer:
- Multi-manager core mandates combining strategically allocated active portfolios
- Risk conscious approach which includes low volatility strategies
- Preferred management fee structure designed for the affluent investor
- A holistic householding program starting at $250,000 which takes into account assets held across Mackenzie Investments
- Tax efficiency within the four mandates offered through the corporate class structure
- Fixed-rate monthly payout options across all Mackenzie Private Wealth Pools
- Enhanced statements
Mackenzie Private Canadian Money Market Pool pursues a steady flow of income by investing mainly in money market securities and bonds issued by Canadian governments and corporations, with maturities of up to one year.
Mackenzie Private Global Fixed Income Pool allows affluent investors to go global with a significant portion of their assets to generate a potentially higher total return while maintaining an overall average credit quality of A- or higher. This pool will focus on differing credit cycles to provide more opportunities for enhanced yields. The Pool uses a free-to-roam strategy to generate income and capital growth by investing worldwide.
Global Balanced Pools, which include Mackenzie Private Global Conservative Income Balanced Pool and Mackenzie Private Global Income Balanced Pool. The Global Balanced Pools aims to capitalize on global opportunities by investing in fixed-income and income-oriented equity securities. The fixed income portion of these pools maintains an overall average credit quality of A- or higher. The equity portion invests in quality dividend-paying companies worldwide. Both pools offer a fixed annual distribution of 4 per cent to be paid monthly.
Mackenzie Private Income Balanced Pool seeks to generate income with the potential for long-term capital growth. The Pool invests mainly in a combination of fixed-income Canadian securities and income-oriented equity securities. The Pool has a core plus fixed-income strategy that includes higher allocations to Canadian bonds as well as exposure to global investment-grade bonds. To harness the income and growth potential of dividends, the equity portfolio managers will search for quality companies across all sectors and countries. This pool offers a fixed annual distribution of 4 per cent to be paid monthly and is also available in corporate class.
Mackenzie Private Canadian Focused Equity Pool offers diversification across the Canadian market capitalization spectrum for potentially superior risk /return outcomes. Global diversification complements Canada and offers global growth opportunities not widely available within the country. This pool is also available in corporate class.
Mackenzie Private U.S. Equity Pool provides access to U.S. growth opportunities not widely available in Canada. The pool dedicates a portion of the mandate to a U.S. low volatility strategy that aims to generate returns comparable to the market over a full business cycle while helping to minimize the impact of market corrections. This pool is also available in corporate class.
Mackenzie Private Global Equity Pool offers a diversified portfolio of global equity securities with exposure to U.S., EAFE (Europe, Australasia and Far East) and Emerging Markets countries. The pool dedicates a portion of the U.S. equity exposure to a low volatility strategy. This pool is also available in corporate class.
NOTE: If the Pool is a Corporate Class, each monthly distribution will generally consist of return of capital. If the Pool is a Trust, each monthly distribution will consist of net income and any amount of the distribution that is in excess of the net income will consist of return of capital.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $62.0 billion in assets under management as at November 30, 2015, 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 $134 billion in total assets under management as at November 30, 2015. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Investments
For further information: Trish Tervit, Director, Communications and Media Relations, Mackenzie Investments, 416-967-2166, [email protected]