Mackenzie Investments Announces Name, Risk Rating and Investment Strategy Changes for Select Mutual Funds - Canada NewsWire | Canada News Media
Connect with us

Investment

Mackenzie Investments Announces Name, Risk Rating and Investment Strategy Changes for Select Mutual Funds – Canada NewsWire

Published

 on


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]

Adblock test (Why?)



Source link

Continue Reading

Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

 on

 

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.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

 on

 

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.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

Published

 on

 

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.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version