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Mackenzie Investments updates investment objective for Mackenzie Multi-Strategy Absolute Return Fund

TORONTO – January 11, 2019 – In May 2018, Mackenzie Investments became the first asset manager to launch an alternative mutual fund for Canadian retail investors with the Mackenzie Multi-Strategy Absolute Return Fund. The Fund was launched in accordance with alternative fund regulations proposed at the time by Canadian securities regulators. On January 3, 2019, regulations governing alternative mutual funds came into effect within National Instrument 81-102.

To align with the new regulations, Mackenzie updated the investment objective and strategies of Mackenzie Multi-Strategy Absolute Return Fund effective January 11, 2019. The changes in investment objective and strategies provide additional flexibility for the Fund’s portfolio managers to use derivatives and engage in short selling and borrowing to achieve its objectives, all in accordance with current regulatory standards.While traditional relative return mutual funds tend to move in tandem with the markets, alternatives such as Mackenzie’s Multi-Strategy Absolute Return Fund offer the potential for lower volatility by using a modern, multi-strategy approach that seeks a positive total return over a market cycle. 

About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $129.5 billion in assets under management as of December 31, 2018, 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 $149.1 billion in total assets under management as of December 31, 2018.