The company is also shifting qualified investors into its private wealth series automatically so that they can take advantage of lower fees
Both products will be based on TOBAM Core Investments' investing process, which is designed to protect portfolios from structural bias and unmanaged risks
Five of the asset-management firm’s most popular mutual funds can now be used within RDSPs
Both firms will acquire an additional 3.9% equity interest each in the Chinese asset manager for $179 million, increasing both companies’ stakes in the firm
The firm is acquiring a stake in China AMC, which had $215 billion in AUM and an annual compound growth rate of 40% in the past five years
Management fees and trailing commissions to fall
Three Symmetry Portfolio products will see a decrease to their fees and compensation while 20 funds will have no changes to their fees and an increase to their compensation
The investment objectives of two funds are changing while nine other funds are being terminated and the continuing corresponding funds have been designated
Adelaide Kim will co-manage Mackenzie Canadian Large Cap Dividend & Growth Fund as of Nov. 21
The newly appointed CEO of Mackenzie Investments plans to use global strategies and product innovations to provide more options for retail clients