Mackenzie fine tunes fund line-up
New Bluewater-managed U.S. equity fund and Ivy European Fund
- By: IE Staff
- July 12, 2002 July 12, 2002
- 14:15
New Bluewater-managed U.S. equity fund and Ivy European Fund
Management and investment objectives not affected
Underlying funds to be reviewed
Alliance with Canadian Hedge Watch bears fruit
Drop in sales reflects poor equity markets
Sector-neutral equity funds
Will increase fund size and decrease investment overlap
Global Select Fund to be handled by OppenheimerFunds
Unitholders approve fund mergers
New home for fund manager and dealer operations
Fund assets slump 5% from May
Acquisition, announced in May, now complete
Exclusive distribution through CIBC Wood Gundy
Portfolio solutions enjoy growth
Deal to close on July 24
Poor reporting can't match usage to sales
Good advisor sites keep getting better says DALBAR
Five funds affected
Vonobel and Pacific Investment expand advisor roles
Nine new value-based mutual funds
Net income falls to $37 million
Eight funds to merge
Teams up with Covington
Absorbs Georgian into AIC funds