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22.01.2019 23:14:00
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Mackenzie Investments announces mergers of Quadrus Funds
TORONTO, Jan. 22, 2019 /CNW/ - Mackenzie Investments and Quadrus Investment Services Ltd. announced today the results of special meetings held yesterday where investors approved the following mergers to simplify the Quadrus Group of Funds product offering for investors:
Existing Fund (terminating) | To be merged into (continuing Fund) |
Real Return Bond Fund (Portico) | Core Bond Fund (Portico) |
Canadian Equity Class | Canadian Dividend Class (Laketon) |
U.S. and International Equity Class | Global All Cap Equity Class (Setanta) |
U.S. and International Specialty Class | Global All Cap Equity Class (Setanta) |
U.S. Value Fund (London Capital) | U.S. Value Fund (Putnam) |
These mergers will be implemented on or about February 8, 2019.
The following proposed mergers did not receive investor approval to proceed:
Proposed terminating fund | Proposed continuing fund |
Short Term Bond Fund (Portico) | Money Market Fund |
North American Specialty Class | Mackenzie U.S. Mid Cap Growth Class |
About Quadrus Investment Services Ltd.
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 Quadrus Investment Services Ltd.
About Quadrus Group of Funds
Quadrus Group of Funds is managed by Mackenzie Investments and distributed exclusively through Quadrus Investment Services Ltd. 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.
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. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation
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