News Feed Item

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

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

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his session at @DevOpsSummit 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will show how customers are able to achieve a level of transparency that enables everyon...
Donna Yasay, President of HomeGrid Forum, today discussed with a panel of technology peers how certification programs are at the forefront of interoperability, and the answer for vendors looking to keep up with today's growing industry for smart home innovation. "To ensure multi-vendor interoperability, accredited industry certification programs should be used for every product to provide credibility and quality assurance for retail and carrier based customers looking to add ever increasing num...
“Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CloudBerry Backup is a leading cross-platform cloud backup and disaster recovery solution integrated with major public cloud services, such as Amazon Web Services, Microsoft Azure and Google Cloud Platform.