Mackenzie Investments today announced the launch of Mackenzie Guided Portfolio Service (GPS), an automatic rebalancing service available to Mackenzie mutual fund investors. There is no minimum account size required to qualify for the service and no additional fees.

Working with their advisor, investors can create a customized portfolio of Mackenzie mutual funds by selecting options that best suit their unique circumstances and financial goals. Investors will first choose their preferred portfolio and then decide on the range within which the funds in their portfolio may fluctuate (between 2% and 10%, in increments of 0.5%) and their preferred rebalancing schedule. Portfolios can be rebalanced quarterly, semi-annual or annually.

For funds within Mackenzie’s Capital Class structure, rebalancing can be carried out without immediate tax consequences to the investor, since capital gains are deferred until redemption.

“A professional advisor acts as an architect, helping an investor construct a portfolio that provides a bridge to their long-term financial goals. Rebalancing is like using a level to help ensure the portfolio stays on-balance and true to these goals,” said Jim Fraser, senior vp, Mackenzie Financial Services Inc.

“With a well constructed portfolio as a foundation, Mackenzie GPS can deliver tremendous value to investors over the long term without any additional cost,” said Fraser. “Our research has shown that rebalancing not only keeps the investment mix true to an investor’s original goals, it reduces risk and delivers better returns, over the long term, than the same portfolio that is not rebalanced.”

All Mackenzie funds are eligible for GPS except Keystone and STAR models, Mackenzie Alternative Strategies Fund and Symmetry.