(April 24 – 18:30 ET) – Mackenzie Financial Corp. is planning to transition management of the Mackenzie Universal World Asset Allocation Fund from Cursitor-Eaton Asset Management to the Mackenzie-based Ivy portfolio management team. Under new management, the fund will be renamed the Mackenzie Ivy Global Balanced Fund.

Mackenzie says unitholders will have an opportunity to vote on the changes at a meeting scheduled May 15.

Pending changes, the fund will shift away from a tactical asset allocation approach and, instead, employ a very company-specific selection style characteristic of the Ivy portfolio team under the leadership of Jerry Javasky. The emphasis will be on owning the highest quality global businesses over the long-term.

Mackenzie says the approach on the fixed-income side of this global balanced portfolio will be conservative. Consisting of government and some corporate debt obligations, the Ivy team takes a long-term approach to securing attractive income yields and does not try to anticipate either the direction or extent of interest rate movements. On a preliminary basis, the fund’s fixed-income allocation may be 70% in the United States., 20 per cent in Euro-denominated securities and 10% in the United Kingdom.

Mackenzie is seeking approval for the changes following a series of personnel moves in the fund’s current management team.

The impending changes to the will not have any affect to the Fund’s current management fees or administrative costs, or result in any tax consequences to current investors.