(January 19 – 11:00 ET) – Mackenzie Financial Corp. has another three funds in the works. Preliminary prospectuses have been filed for Universal Financial Services fund, Universal Internet Technology fund and Universal Telecommunications fund.

They will be available under Mackenzie’s new unit class structure. The Class A units carry a 2% management fee, the Class F — where investors pay advisors for service — is 1%, while Class I (investments above $500,000) it’s 1.35%.

The funds are available in both front and back end loads. Front end commission is up to 5%. They also pay a 1% trailer fee.
-IE Staff