|By PR Newswire||
|April 23, 2014 07:30 AM EDT|
Funds seek to address retirement shortfall potential related to investor conservatism and volatility fears
TORONTO, April 23, 2014 /CNW/ - As demographics shift and the aging of Canada continues, a trend is emerging: there is a disconnect among investors between the desire for portfolio growth to meet their income needs, and the willingness to employ solutions that will get them there. The overriding emotions driving this misalignment are cautiousness and volatility fears.
For example, a recent Mackenzie Investments-commissioned Leger Marketing poll of 1,000 Canadians yet to retire revealed:
- 52% cite market volatility as an impediment to attaining investment goals.
- Over 50% are investing more conservatively (39%), or no longer wanting to invest at all (12%).
- 65% don't know if their investments will last through their lifetimes.
"Reaching long-term financial goals becomes more difficult when people limit themselves to low-yielding, safer products as markets change," said Jeff Carney, President and Chief Executive Officer of Mackenzie Investments. "We are committed to helping investors look ahead to take better control of their financial plans and overcome obstacles to income and portfolio growth."
To help investors get back on track, Mackenzie Investments is launching five new funds and is seeking investor approval to change another fund's objectives. The new funds and the repurposed fund directly address the need for either volatility management or income generation amidst changing market conditions.
Effectively managing volatility is a top priority for investors who want a steadier investment experience. The following fund seeks to address the need to reduce volatility while gaining valuable exposure to equity markets that offer capital growth potential.
Mackenzie US Low Volatility Fund seeks to manage volatility by investing in a portfolio of low-beta stocks. Low-beta stocks are securities that historically have been less volatile than the market as a whole. With the primary objective of reducing volatility, the Fund has been designed to appeal to risk-averse investors who are looking for US equity exposure without the excessive swings in returns.
The following four funds aim to satisfy the growing appetite for regular income:
Mackenzie Investment Grade Floating Rate Fund seeks to provide investors with diversification from traditional fixed-rate fixed income, protection from rising rates and income enhancement through security selection. Sitting at historical lows in recent years, rates may rise over time and traditional investment grade portfolios would likely underperform in such an environment. The Fund will invest primarily in investment-grade floating rate notes and loans, and other floating rate debt instruments.
Mackenzie Global Tactical Bond Fund seeks to diversify along the yield spectrum to uncover attractive yield opportunities. It will invest in a diversified portfolio of fixed income securities of companies and governments around the world. This flexible approach will enable the managers to allocate assets across credit quality, yields, sectors, currencies and countries where they see the best relative value for risk.
Mackenzie US Dividend Fund/Mackenzie US Dividend Registered Fund - These funds seek current income and capital appreciation by investing in quality dividend-paying companies in the US. The managers recognize that the Canadian market is highly concentrated while the US is home to some of the world's most innovative, industry-leading companies. The Funds are available in both non-registered and registered versions to benefit investors. The registered version (i.e., for RRSPs and RRIFs) is expected to be exempt from US withholding taxes.
Mackenzie Global Strategic Income Fund - To complement the new income oriented funds listed above, Mackenzie has proposed changes to the investment objectives of Mackenzie Global Diversified Income Fund. If approved by investors on April 29th, the fund will be renamed Mackenzie Global Strategic Income Fund and will share the same flexible income approach as the proven Mackenzie Strategic Income Fund, but with a broader global focus, and will appeal to those seeking a well-diversified global income strategy. If approved, Mackenzie expects these changes to be effective on April 30, 2014.
Mackenzie Investments is deepening its commitment to investors by offering practical strategies to take control of the investment road ahead. Visit mackenzieinvestments.com/takecontrol for more information.
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $68.4 billion in assets under management as at March 31, 2014, 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 $137 billion in total assets under management as at March 31, 2014. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Investments
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Mar. 25, 2017 12:00 PM EDT Reads: 785
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Mar. 25, 2017 11:15 AM EDT Reads: 1,411
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Mar. 25, 2017 11:15 AM EDT Reads: 682
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buyers...
Mar. 25, 2017 11:00 AM EDT Reads: 3,437
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Mar. 25, 2017 10:45 AM EDT Reads: 1,989
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Mar. 25, 2017 10:30 AM EDT Reads: 10,166
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Mar. 25, 2017 10:15 AM EDT Reads: 2,825
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
Mar. 25, 2017 10:00 AM EDT Reads: 2,829
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
Mar. 25, 2017 09:15 AM EDT Reads: 2,366
SYS-CON Events announced today that SD Times | BZ Media has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and commercial UAV markets.
Mar. 25, 2017 09:15 AM EDT Reads: 4,117
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Mar. 25, 2017 08:30 AM EDT Reads: 1,951
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Mar. 25, 2017 08:00 AM EDT Reads: 13,932
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Mar. 25, 2017 08:00 AM EDT Reads: 1,176
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Mar. 25, 2017 08:00 AM EDT Reads: 4,014
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Mar. 25, 2017 08:00 AM EDT Reads: 1,748