Firm’s fifth liquid alternative fund adopts an active approach to portfolio construction across both alternative and traditional asset classes
TORONTO – June 11, 2020 – Mackenzie Investments today announced the launch of Mackenzie Alternative Enhanced Yield Fund, which seeks to offer Canadian investors a consistent yield and stable cash flow through a five per cent fixed annual distribution, paid monthly, using alternative strategies to build a diversified portfolio.
“In the current low-yield environment, investors should consider seeking access to alternative strategies and asset classes that provide higher and more consistent income,” said Michael Schnitman, Senior Vice President and Head of Alternative Investments, Mackenzie Investments. “Mackenzie Alternative Enhanced Yield Fund can complement an income-focused balanced portfolio as it aims to achieve a higher yield while providing investors with increased diversification and potentially lower total portfolio volatility.”
Managed by Matthew Cardillo, VP and Portfolio Manager, Mackenzie Investments, the Fund actively invests in various yield-oriented asset classes. The management team will use a proprietary combined structured and fundamental approach to portfolio construction along with a conservative approach to employing leverage within specific asset classes to generate a consistent and attractive source of income in a risk-conscious manner.
“Actively managing a diversified allocation can help in managing risk and adapting to changing market conditions, which may be particularly attractive in the current market environment,” Mr. Schnitman explained.
This is Mackenzie Investments’ fifth fund offering in the liquid alternatives space since it launched Canada’s first absolute return fund for retail investors in May 2018. The firm’s approach to Accessible AlternativesTM aims to help investors better understand and embed alternative strategies into their portfolios. Liquid alternatives are expected to grow to $100 billion in assets under management in Canada within the next few years1.
The Mackenzie Alternative Enhanced Yield Fund is now available for sale.