The Fund will be managed by the Mackenzie Growth Team to provide investors more choice from across the market-cap spectrum
TORONTO – May 27, 2020 – Mackenzie Investments today announced the launch of Mackenzie US Mid Cap Opportunities Fund1 , a new mutual fund that seeks to offer Canadian investors long term growth and diversification benefits.
“The Mackenzie US Mid Cap Opportunities Fund gives Canadian investors access to what can be the sweet spot of the market-cap spectrum,” said Kristi Ashcroft, Senior Vice President and Head of Product, Mackenzie Investments. “Many investors favour larger companies, but there’s a unique risk-return opportunity between fast-growing small businesses and mature large companies that can help to diversify portfolios and provide the potential for strong returns.”
The Fund will be managed by Senior Vice President Phil Taller, a former Investment Executive “Portfolio Manager of the Year”, Vice President and Portfolio Manager Sonny Aggarwal and Associate Portfolio Manager John Lumbers. The team’s deep expertise and knowledge of US mid cap companies will be leveraged to build a portfolio of what the team considers to be high-quality, innovative businesses that have the potential to deliver long-term capital growth.
“Our fund management team has demonstrated a strong understanding of future trends and a unique ability to discern between ideas and real business opportunities while managing Mackenzie US Mid Cap Growth Class and Mackenzie US Mid Cap Growth Currency Neutral Class. They will continue to apply this consistent investment discipline to the new Fund,” concluded Ms. Ashcroft.
The firm also announced that Mackenzie US Mid Cap Growth Class and Mackenzie US Mid Cap Growth Currency Neutral Class will now be known as Mackenzie US Small-Mid Cap Growth Class and Mackenzie US Small-Mid Cap Growth Currency Neutral Class, respectively. This is being done to better reflect the Funds’ investment strategies. There are no other changes to these Funds.