Mackenzie Investments announces changes to select Quadrus Group of Funds

TORONTO, June 19, 2015 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) announces changes to two funds distributed exclusively through Quadrus Investment Services Ltd.

The following resolutions were approved by the investors in the North American Mid Cap Fund (GWLIM) at today's special meeting:

• To transition the Fund from a North American equity fund to a Canadian equity fund
• To rename the Fund to Mid Cap Canada Fund (GWLIM)
• To revise the asset allocation guidelines for the fund, which now include:
  o   Canadian stocks, from 70% to 100%
  o   Foreign stocks, from 0% to 30%
  o   Short-term fixed income securities, from 0% to 30%

Full details of these changes were outlined in a management information circular that was sent to investors who held fund securities as of May 7, 2015. 

Also, Ben Fawcett has been appointed lead portfolio manager for Canadian Diversified Equity Fund (London Capital). Ben joined the Laketon equity team in 2004 and is currently Vice-President, Equities for GLC Asset Management Group Ltd. within the Laketon Investment Management division.

In conjunction with Ben's addition to the team, the Fund's investment strategy will be revised to reduce the maximum allocation to foreign stocks from 49% to 30% and it will be renamed Canadian Equity Fund (Laketon).

These changes will be effective on or about June 26, 2015.

Quadrus Investment Services Ltd. ("Quadrus") is one of the largest mutual fund dealers in Canada. Quadrus is a member of the Great-West Lifeco Inc. group of companies, which includes The Great West Life Assurance Company, London Life Insurance Company and the Canada Life Assurance Company. Quadrus Group of Funds is distributed exclusively through the Quadrus Investment Services Ltd.

About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $74.6 billion in assets under management as at May 31, 2015, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $148 billion in total assets under management as at May 31, 2015. For more information, visit mackenzieinvestments.com.

SOURCE Mackenzie Investments

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