TORONTO, July 13, 2012 /CNW/ - Mackenzie Financial
Corporation (Mackenzie Investments) today proposed a change to the
investment objectives of three Symmetry funds.
The company is seeking approval to allow Symmetry Equity Class,
Symmetry Fixed Income Class and Symmetry Registered Fixed Income
Fund to invest primarily in securities of other mutual funds. If
this change to investment objectives is approved by investors,
Symmetry portfolio managers will gain greater flexibility to manage
the risk-return profile of the funds.
With risk-managed portfolios ranging from conservative to
growth, the Symmetry family of managed asset strategies has been
designed for investors seeking a convenient, well-diversified
solution with professional monitoring and rebalancing.
Full details about the proposed investment objective changes
will be outlined in a Management Information Circular and Proxy to
be mailed in August to investors of record. A special meeting of
investors to consider and vote on the proposed investment objective
changes is scheduled for September 21,
2012 at Mackenzie's office
in Toronto. If approved, the
investment objective changes are expected to be effective on
renewal of the Mackenzie Funds simplified prospectus in early
October.
Mackenzie Investments: Mackenzie Investments was founded
in 1967, and is a leading investment management firm providing
investment advisory and related services. With $60.7 billion in assets under management as at
June 30, 2012, 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 $118 billion in total assets
under management as at June 30, 2012.
For more information, visit www.mackenziefinancial.com.
SOURCE Mackenzie Investments