(April 5 – 11:55 ET) – Mackenzie Financial Corporation has launched three specialized global equity mutual funds focused on specific sectors around the world and established new business relationships with three global financial institutions, acting as sub-advisors to Mackenzie.
The Universal Financial Services Fund invests in companies that are expected to benefit from the long-term growth of businesses operating in the global financial services industry. UBS Brinson, directs the North American portion of the Fund, with Singapore-based United Overseas Bank responsible for Asia, and DWS-a subsidiary of Germany’s Deutsche Bank-in charge of Europe. UBS and DWS each manage 37.5 percent of the portfolio, while UOB will direct 25 percent. The three management teams are selecting 20 to 25 stocks each, to construct a portfolio of 60 to 75 stocks in total.
The Universal Communications Fund takes advantage of the rapid growth and convergence in the telecommunications, media and internet related industries, directed by the same lead managers that manage Mackenzie’s Universal World Science and Technology Fund. Universal Communications Fund is managed by three technology analysts and portfolio managers.
John Rohr and John Stroud, Mackenzie’s Toronto-based team, directs 30% of the portfolio, seeking larger North American growth companies at a reasonable price. Jim Broadfoot and Keith Maher of Mackenzie Investment Management Inc., in Boca Raton, Florida, also direct 30% of the Fund, and look for rapid-growth North American companies. Brian Ashford-Russell and Oliver Beckett of Henderson Investors in London, England manage the remaining 40%, seeking the best opportunities in Europe, the UK, Japan, Asia, and Latin America.
Following the same model as Universal Financial Services Fund, the management teams will select 20 to 25 stocks from their area of expertise, to construct a portfolio of 60 to 75 stocks in total.
Jim Broadfoot and Keith Maher will also direct the new Universal Internet Technologies Fund. This specialized, narrowly defined Fund will take advantage of the targeted opportunities in companies that are expected to benefit from the growth of the Internet. This includes companies that operate in the Internet technology field, build or support the technological infrastructure of the Internet.
Mackenzie now offers nine industry-focused mutual funds as part of the Universal Funds family, covering sectors such as technology, healthcare, natural resources, precious metals and real estate.
-IE Staff