TORONTO, July 20 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") today introduced Mackenzie All-Sector Canadian Balanced Fund. The Fund invests in a portfolio of equity and fixed income investments, primarily through ownership of other Mackenzie-sponsored mutual funds or by investing in equity and fixed income securities directly.
Initially, the Fund intends to invest 55% of its portfolio in Mackenzie All-Sector Canadian Equity Fund and 45% in Mackenzie Sentinel Bond Fund.
Mackenzie All-Sector Canadian Equity Fund's investment strategy neutralizes sector risk by aiming to follow the sector allocations of the S&P/TSX Capped Composite Index, thus participating in general directional market movements. The stocks chosen with each sector are based on the highest-conviction ideas of portfolio managers of various Mackenzie funds.
Mackenzie Sentinel Bond Fund pursues a steady flow of income by investing mainly in Canadian government and corporate fixed income securities with maturities of more than one year. The Fund maintains an investment grade portfolio which typically has an average credit quality of AA or better.
Full details about the new funds, including simplified prospectuses, can be found at www.mackenziefinancial.com.
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.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $60.9 billion in assets under management as of June 30, 2010, 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 $115 billion in total assets under management as of June 30, 2010.
SOURCE Mackenzie Financial Corporation
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