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Mackenzie Investments meets key investor needs with five new funds which aim to boost income and tame volatility
|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
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
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,
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
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