(May 15 – 13:10 ET) – Mackenzie Financial has announced the availability of Universal Select Managers Canada Fund, which will participate in all major sectors of the Canadian market while taking full advantage of the 25% foreign-content allowance. Mackenzie says this fund concept is the first of its kind in Canada.
“We are taking the multi-specialist, ‘best ideas’ concept we pioneered and have proven internationally with Universal Select Managers Fund, and applying it to our own backyard,” says Phil Cunningham, president of Mackenzie Financial Services Inc.
Each of five Canadian investment teams will choose its top eight stocks for the new fund portfolio. Foreign content will be fully maximized, with Henderson Investors contributing its 10 best global investment ideas. Overall, the fund offers a range of investment management styles from deep value to growth. It will be fully invested at all times.
“While the fund will normally be diversified across a variety of sectors, that is not our primary objective,” Cunningham added. “Universal Select Managers Canada Fund is about assembling our top 40 Canadian — and top 10 global — investment opportunities in one concentrated, fully invested portfolio for maximum growth potential.
“This is a single-decision fund for Canadian investors that transcends traditional divisions between style, industry sector and market capitalization.”
-IE Staff