TORONTO, Nov. 10, 2016 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) has been recognized for industry-leading fund performance at the prestigious Lipper® Fund Awards.
Mackenzie Canadian Growth Fund Series A, managed by Dina DeGeer and David Arpin, Portfolio Managers on the Mackenzie Canadian Growth Team, won for best three-year performance in the Canadian Focused Equity classification.
Mackenzie Canadian Growth Balanced Fund Series A, also managed by Dina DeGeer and David Arpin, as well as Steve Locke, Alain Bergeron, Felix Wong, Konstantin Boehmer, Dan Cooper, and Movin Mokbel won for best three-year and best five-year performance in the Canadian Equity Balanced classification.
Mackenzie Precious Metals Class Series A, managed by Benoit Gervais and Onno Rutten, won for best five-year performance in the Precious Metals Equity classification.
"Congratulations to our exceptional fund managers for these prestigious awards. These funds provide investors with confidence and choice, enabling Canadians to achieve the risk-adjusted returns they need," said Barry McInerney, 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.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $64.2 billion in assets under management as at October 31, 2016, 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 $139 billion in total assets under management as at October 31, 2016. 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 Fund (Series A) was awarded the 2016 Thomson Reuters Lipper Fund Award for best three-year performance in the Canadian Focused Equity category for the period ended July 31, 2016, out of a total of 105 funds. Performance for the fund for the period ended September 30, 2016 was as follows: 12.3% (1 year), 17.5% (3 years), 15.9% (5 years), 7.4% (10 years) and 9.8% (since inception) in January 1976. 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), 5 (10 years).
Mackenzie Canadian Growth Balanced Fund (Series A) was awarded the 2016 Thomson Reuters Lipper Fund Award for best three-year performance in the Canadian Equity Balanced category for the period ended July 31, 2016, out of a total of 63 funds. Performance for the fund for the period ended September 30, 2016 was as follows: 9.8% (1 year), 13.6% (3 years), 12.1% (5 years), 6.3% (10 years) and 6.7% (since inception) in 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), 5 (10 years).
Mackenzie Canadian Growth Balanced Fund (Series A) was awarded the 2016 Thomson Reuters Lipper Fund Award for best five-year performance in the Canadian Equity Balanced category for the period ended July 31, 2016, out of a total of 55 funds. Performance for the fund for the period ended September 30, 2016 was as follows: 9.8% (1 year), 13.6% (3 years), 12.1% (5 years), 6.3% (10 years) and 6.7% (since inception) in 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), 5 (10 years).
Mackenzie Precious Metals Class (Series A) was awarded the 2016 Thomson Reuters Lipper Fund Award for best five-year performance in the Precious Metals Equity category for the period ended July 31, 2016, out of a total of 11 funds. Performance for the fund for the period ended September 30, 2016 was as follows: 111.7% (1 year), 19.1% (3 years), -5.4% (5 years), 2.1% (10 years) and 11.9% (since inception) in October 2000. The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 4 (3 years), 2 (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 does 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
Court Elliott, Vice President, Sponsorship, Philanthropy and Public Relations, Mackenzie Investments, 416-967-2157, [email protected]
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