(September 8 – 11:20 ET) – Mackenzie Financial Corp. executives outlined plans for continued growth and at the company’s annual meeting of shareholders today.
“Mackenzie is very well positioned in front of all major trends in our industry and we believe our shareholders will enjoy enhanced value into the long term,” said James Hunter, president and CEO.
The fund company will continue to introduce new fund choices for consumers to provide all forms of region, sector, style and other types of investment options. It will also offer expanded investment management skills and knowledge by drawing upon the best managers and sub-advisors in the global talent pool.
The company said it will continue the ongoing development of international funds managed by leading global managers, including the expansion of the highly successful Select Managers series of funds offering the best of breed by category. It disclosed that the Select Manager funds have attracted $6 billion in assets in 18 months.
Mackenzie plans enhancements to service and support provided to both financial advisers and unitholders, through Web site improvements, financial software, account administration and call centre resources. It also plans greater brand-building of the Mackenzie name.
Mackenzie promises to continue to develop innovative products, and to expand and diversify distribution channels by adding banks, insurance companies and other partners to the existing network of independent financial advisors.
Mackenzie also revealed it maintains a cash reserve of over $250 million to give the company the ability to take advantage of investment opportunities that make sense for growth.
-IE Staff