(April 11 – 12:00 ET) – Mackenzie Financial Services Inc. is adding to its line of segregated funds.
In co-operation with insurancer Great-West Life, Mackenzie now offers up to 41 segregated funds with two levels of capital protection — 41 funds with 75% guarantees and 33 funds with up to 100% guarantees.
The new fund additions include:
New basic funds (75% guarantee)
- Mackenzie Yield Advantage Segregated Fund
- Mackenzie Universal International Stock Segregated Fund
- Mackenzie Universal Select Managers Canada Segregated Fund
New enhanced funds (100% guarantee)
- Mackenzie Yield Advantage Segregated Fund
- Mackenzie Universal International Stock Segregated Fund
- Mackenzie Universal Select Managers Canada Segregated Fund
- Mackenzie Ivy Enterprise Segregated Fund
- Mackenzie STAR Registered Maximum Equity Growth Segregated Fund
- Mackenzie Universal Future Segregated Fund
- Mackenzie Universal Select Managers Segregated Fund
- Mackenzie Universal World Balanced RRSP Segregated Fund.
Due to regulatory changes, a number of segregated fund providers have exited the market, increased their fees or changed their product features. Mackenzie says its seg funds were developed with a long-term perspective keeping regulatory changes in mind.
“Mackenzie and Great-West Life’s product line was built to last,” said Mark Tiffin, executive vice president, Mackenzie Financial Services Inc. “Mackenzie Segregated Funds are some of the most competitively priced on the market today, and we intend to be a force in this niche — especially focusing on the need for quality risk-management tools.”