TORONTO, May 20, 2015 /CNW/ - Mackenzie Investments has
doubled its suite of "true" U.S. dollar (USD) funds, launching four
new mandates. By expanding its solutions to meet the increasing
demand of Canadian investors for easy-to-use and flexible U.S
dollar funds, Mackenzie now offers one of the broadest ranges of
true USD funds in the industry. The result is a comprehensive suite
of USD solutions to meet longevity and income needs, while
controlling volatility.
This new set of products – which include differentiated mandates
from others in Canada – are true
U.S. dollar funds because they are primarily exposed to U.S.
dollars through U.S. securities and/or hedging non-U.S. currency
exposure back to U.S. dollars, and they can also be
purchased, settled, redeemed and have their performance and NAV
(Net asset value) reported in U.S. dollars.
These four new funds complement an existing set of four funds
with U.S. dollar purchase options from Mackenzie, completing a full
spectrum across fixed income, balanced, convertibles, equities and
specialty asset classes. Mackenzie now offers eight true U.S.
dollar funds across the risk/return spectrum.
"There is an increasing demand for U.S. dollar investments,
whether it is investors planning to spend time in the U.S. during
retirement or those Canadians who want to keep investments in U.S.
dollars," said Michael Schnitman,
Senior Vice President, Product. "With our expanded suite of true
U.S. dollar products, we have made U.S. dollar investing
straightforward and ensured we'll be there to meet their investment
needs."
The new funds can meet a range of needs for U.S. dollar
investors:
Mackenzie USD Ultra Short Duration Income Fund is a first
of its kind in Canada,
and aims to generate income in U.S. dollars, with an emphasis
on capital preservation, by investing primarily in short-term, high
quality corporate and government fixed income securities issued in
the United States. It is designed
for investors looking for a broader range of income opportunities
than are typically available in money market funds but with lower
volatility and interest rate sensitivity than traditional
short-term bond funds. The Fund limits market risk through modern
portfolio strategies. It is suited for Canadians who frequently
travel to or spend a substantial amount of time in the U.S. and
would like to keep U.S. funds in a low risk, low volatility
investment.
Mackenzie USD Global Tactical Bond Fund aims to generate
income and achieve long-term capital growth in U.S. dollars by
investing primarily in a diversified portfolio of fixed income
securities issued by companies or governments of any size, anywhere
in the world. No matter what country the Fund is investing in,
security selection and credit-rating or currency decisions are made
from the perspective of a U.S. dollar investor and the fund will be
primarily exposed to the U.S. dollar.
Mackenzie USD Global Strategic Income Fund seeks income
and the potential for long-term capital growth in U.S. dollars by
investing primarily in fixed income and/or income-oriented equity
securities of issuers anywhere in the world – while being primarily
exposed to the U.S. dollar. Within fixed income, the Fund uses
qualitative and quantitative analysis to identify and select
securities, allocating assets across credit quality, yields,
structures, sectors, currencies and countries. Within the equity
portion, the Fund includes quality dividend-paying companies
trading at a discount across all geographies.
Mackenzie USD Convertible Securities Fund is unique to
the Canadian mutual fund industry. It seeks to generate long-term
capital appreciation and income in U.S. dollars by investing
primarily in convertible securities of U.S. companies.
Convertible securities are sensitive to the upside potential
of equities. A convertibles performance in down markets is
bolstered by the contractually guaranteed income from convertible
securities. This Fund can be a great complement to a traditional
portfolio of equity and fixed income investments.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading
investment management firm providing investment advisory and
related services. With $73.9 billion
in assets under management as at April 30,
2015, 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 $147
billion in total assets under management as at April 30, 2015. For more information, visit
mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation