Mackenzie Investments Makes Changes to Select Quadrus Group of Funds - Insurance News | InsuranceNewsNet

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June 27, 2015 Newswires
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Mackenzie Investments Makes Changes to Select Quadrus Group of Funds

Manufacturing Close - Up

Mackenzie Financial Corp. (Mackenzie Investments) recently reported changes to two funds distributed exclusively through Quadrus Investment Services.

The company said the following resolutions were approved by the investors in the North American Mid Cap Fund (GWLIM) at today's special meeting: -To transition the Fund from a North American equity fund to a Canadian equity fund -To rename the Fund to Mid Cap Canada Fund (GWLIM) -To revise the asset allocation guidelines for the fund, which now include:o Canadian stocks, from 70 percent to 100 percento Foreign stocks, from 0 percent to 30 percento Short- term fixed income securities, from 0 percent to 30 percent

According to a release, full details of these changes were outlined in a management information circular that was sent to investors who held fund securities as of May 7.

Also, Ben Fawcett has been appointed lead portfolio manager for Canadian Diversified Equity Fund (London Capital). Ben joined the Laketon equity team in 2004 and is currently Vice-President, Equities for GLC Asset Management Group Ltd. within the Laketon Investment Management division.

In conjunction with Fawcett's addition to the team, the Fund's investment strategy will be revised to reduce the maximum allocation to foreign stocks from 49 percent to 30 percent and it will be renamed Canadian Equity Fund (Laketon).

These changes will be effective on or about June 26.

Quadrus Investment Services is a mutual fund dealer in Canada. It is a member of the Great-West Lifeco group of companies, which includes The Great West Life Assurance Company, London Life Insurance Company and the Canada Life Assurance Company.

Mackenzie Investments is an investment management firm providing investment advisory and related services.

More information:

www.mackenziefinancial.com

((Comments on this story may be sent to [email protected]))

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