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Change to investment objectives would allow the funds to invest in other mutual funds

By IE Staff |

Mackenzie Financial Corp. Friday 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.

A special meeting of investors to consider and vote on the proposed investment objective changes is scheduled for September 21 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.