Mackenzie Investments launches Destination+ 2017 Fund

    Investors attracted to daily lock-in of gains and guaranteed maturity

    TORONTO, June 23 /CNW/ - Mackenzie Investments today announced the launch
of Mackenzie Destination+ 2017 Fund. Mackenzie Destination+ 2017 Fund joins
Mackenzie's Destination+ lineup of Funds, an innovative investment solution
designed specifically for investors who are saving for a specific goal, such
as retirement or a child's post-secondary education.
    With the launch of Mackenzie Destination+ 2017 Fund, investors now have
four maturity options to choose from: Mackenzie Destination+ 2015 Fund,
Mackenzie Destination+ 2017 Fund, Mackenzie Destination+ 2020 Fund and
Mackenzie Destination+ 2025 Fund. Investors who want to receive funds over
several time periods can stagger maturity dates by investing in several
different Destination+ Funds.
    "Based on feedback from financial advisors, Destination+ Funds are a
useful financial planning solution, particularly for investors who are
uncertain about investing in equity markets," says David Feather, President,
Mackenzie Financial Services Inc. "The guaranteed maturity amount provides
downward protection, while a high initial level of equity exposure offers
excellent growth opportunities."

    How Mackenzie Destination+ Funds work
    An investor simply selects the Mackenzie Destination+ Fund with the
maturity date that most closely matches the year they will access their funds.
Starting with an initial focus on growth, the Funds automatically adjust the
asset mix to reduce volatility in the portfolio as the destination date
approaches or as market conditions change.

    Unique features provide safety and growth
    Mackenzie Destination+ Funds differ from many other lifecycle or target
funds in several important ways:
        -  Daily Lock-in Feature - Destination+ Funds are open-ended target
           date mutual funds with a daily lock-in of investment gains. Each
           day, the highest net asset value is locked in, allowing investors
           to capture the growth achieved by the Destination+ Funds if they
           remain fully invested until the destination date.
        -  Guaranteed Maturity Amount - At least the investor's original
           investment in Destination+ Funds is paid when held to the
           destination date, providing peace of mind.
        -  Greater Equity Exposure - To maximize growth, Destination+ 2015
           and Destination+ 2017 Funds hold 75% equity at the outset, while
           Destination+ 2020 and 2025 hold 100% equity at the outset. Most
           similar programs start off with lower equity exposure.
        -  Emerging Markets - The equity component includes exposure to
           emerging markets, an area with high growth potential.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $63.4 billion in assets under management, 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 $124 billion in total assets under

    Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated.

For further information:

For further information: Catharine Marion, Environics Communications
Inc., (416) 969-2809,

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890