Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Information

14495

Mackenzie Investments proposes change for Mackenzie Global Diversified Income Fund

RELATED TOPICS​

Mackenzie Financial Corporation (Mackenzie Investments) has announced proposed changes to the investment objectives and strategies of Mackenzie Global Diversified Income Fund (the Fund).

Currently the Fund invests in other Mackenzie funds. The Fund's portfolio will now invest directly in securities. If the proposed changes are approved, the Fund will be renamed Mackenzie Global Strategic Income Fund and will be managed by the Mackenzie Fixed Income Team, led by Steve Locke, and the Mackenzie Global Equity & Income Team, led by recently hired Darren McKiernan.

There is a strong and growing trend for Canadians, particularly those in retirement, to seek regular income. This Fund has the flexibility to invest in income-generating securities from any sector and asset class, anywhere in the world, as this approach provides the portfolio managers with access to the greatest income opportunities available. The Fund 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. The Fund changes follow the recent launch of Mackenzie Floating Rate Income Fund and Mackenzie Strategic Bond Fund, both of which also address growing investor need for income.

The proposed changes are subject to approval by the Fund's investors at a special meeting called for that purpose. The special meeting is scheduled for 29 April at the Mackenzie Investments office in Toronto. Full details of the proposed changes will be outlined in a Management Information Circular that will be mailed to investors on or about 3 April. If approved at the special meeting, the proposed changes are expected to be effective on or about 30 April, 2014.

Latest News

Enthusiasm for climate-conscious investment strategies will grow in 2024 according to Invesco. At an event..
The Global Returns Project (GRP), a UK-registered charity aiming to make it easy to donate..
Bloomberg and General Index (GX) have announced the expansion of their strategic collaboration which builds..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by