TORONTO, Sept. 22, 2021 /CNW/ – Mackenzie Investments (“Mackenzie”) today announced changes to the names, risk ratings and investment strategy for the following mutual funds effective on or about September 29, 2021.
Name Changes Name changes are being made to the following mutual funds to better align with their core principles and investment objectives and to make them more relatable to all investors.
The proposed changes are as follows:
Current Name
New Name
Mackenzie All China Equity Fund
Mackenzie ChinaAMC All China Equity Fund
Mackenzie Global Environmental Equity Fund
Mackenzie Greenchip Global Environmental All Cap Fund
Mackenzie Greenchip Global Balanced Fund
Mackenzie Greenchip Global Environmental Balanced Fund
Mackenzie Global Sustainability and Impact Balanced Fund
Mackenzie Global Sustainable Balanced Fund
Risk Rating Change Mackenzie reviews risk ratings and makes adjustments in accordance with the Risk Classification Methodology mandated by the Canadian Securities Regulators. The risk rating of the following Fund will change as outlined below. There are no changes to the investment strategy of this mutual fund.
Fund Name
Current Risk Rating
New Risk Rating
Mackenzie US Mid Cap Opportunities Currency Neutral Fund
Medium
Medium to High
Investment Strategy Changes A change is being made to the investment strategy of Mackenzie Greenchip Global Environmental All Cap Fund (previously Mackenzie Global Environmental Equity Fund – see above) in order to remove constraints in the number of securities the portfolio can hold at any given time.
The following change has been made in the Fund’s prospectus:
Previous description
New description
The Fund will generally maintain a concentrated portfolio of 30-35 companies whose revenues are generated selling environmentally superior products and service.
The Fund will generally maintain a portfolio of companies of any market capitalization, whose revenues are generated selling environmentally superior products and services.
About Mackenzie Investments Mackenzie Investments is a leading investment management firm with $208 billion in assets under management as of August 31, 2021. Mackenzie provides investment solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, Mackenzie is a global asset manager with offices across Canada as well as in Boston, Dublin, London, Hong Kong and Beijing. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), one of Canada’s premier financial services companies. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Investments
For further information: please contact: Nini Krishnappa, IGM Financial, 647-828-2553, [email protected]
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
