TORONTO, Nov. 6, 2015 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) has been recognized for industry-leading fund performance at the prestigious Lipper® Fund Awards.
Mackenzie Canadian Growth Balanced Series A won for best three-year performance in the Canadian Neutral Balanced classification.
"Congratulations to equity fund managers Dina DeGeer, David Arpin and Shah Khan as well as Steve Locke and the Mackenzie Fixed Income team for this award that recognizes funds and fund management firms for risk-adjusted performance. This fund has provided investors with a great core addition to their portfolios," said Jeff Carney, President and Chief Executive Officer of Mackenzie Investments
Each year Lipper® recognizes funds that lead the way in delivering strong, risk-adjusted performance. In Canada, Lipper® recognizes the most successful funds for their performance over one, three, five, and 10-year periods.
Lipper® tracks 125,000 funds worldwide. The Lipper® Fund Awards recognize funds that have delivered consistently strong risk-adjusted performance relative to their peers. Strong risk-adjusted performance is desirable because it is an indication of consistent, strong returns.
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 October 31, 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 October 31, 2015. For more information, visit mackenzieinvestments.com.
About the Lipper Awards
The Lipper Fund Awards, granted annually, are part of the Thomson Reuters Awards for Excellence awarded by Lipper, Inc. and highlight funds that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Ratings for Consistent Return, which is a risk-adjusted performance measure calculated over 36, 60 and 120 month periods. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% are scored 1. The highest Lipper Leader for Consistent Return in each category wins the Lipper Fund Award. Lipper Leader ratings change monthly. For more information, see www.lipperweb.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.
Mackenzie Canadian Growth Balanced Fund (Series A) was awarded the 2015 Lipper Fund Award for best three-year performance in the Canadian Neutral Balanced category for the period ended July 31, 2015, out of a total of 111 funds. Performance for the fund for the period ended September 30, 2015 is as follows: 12.2% (1 year), 13.0 % (3 years), 8.3 % (5 years), 5.5 % (10 years) and 6.7% (since inception) on November 1996. The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 5 (3 years), 5 (5 years), 3 (10 years). Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE Mackenzie Financial Corporation
For further information: Trish Tervit, Director, Communications and Media Relations, Mackenzie Investments, 416-967-2166, [email protected]