Mackenzie introduces four corporate-class funds

Mackenzie Investments has four new corporate-class funds, including three balanced funds.

The company is going ahead despite tax changes announced by the federal government last March, saying in a release that “corporate-class funds still offer the potential for tax-efficient growth and tax-efficient income.”

As of Jan. 1, 2017, exchanging units of one corporate-class fund for another will no longer be tax-deferred.

Read: Finance gives corporate-class shareholders a break

The new funds are:

Mackenzie Canadian Growth Class — focuses on niche market leaders that are not typical household names

Mackenzie Canadian Growth Balanced Class — aims to deliver long-term capital growth by investing in high-quality companies, complemented with a fixed-income component

Mackenzie Ivy Canadian Balanced Class — aims to provide long-term capital growth by mainly investing in equities of high-quality Canadian-based businesses, and includes a fixed-income portion

Mackenzie Ivy Global Balanced Class — seeks to provide long-term capital growth by investing mainly in a select group of high-quality multinational businesses, and includes a fixed-income portion

Read: RCAs can save tax for executive clients

Also read: Don’t panic about corporate-class funds

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.