Mackenzie Investments announces management fee reductions for series in the Laurentian Bank Group of Funds Français
TORONTO, Dec. 20, 2016 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) announced today that effective January 3, 2017 Mackenzie Investments will be reducing the management fees and trailing commissions on Series LB, LM and LX on three Symmetry Portfolios.
This change is the result of aligning trailing commissions with the compensation generally paid in the industry for funds in the balanced and equity categories and is in line with a recent announcement by Mackenzie Investments regarding the reduction of management fees and dealer compensation to Series A, AR, G, I, T6 and T8 units of these three Symmetry Portfolios.
The following changes will be made for Series LB, LM and LX securities:
| Fund Name |
Current Trailing Commission |
New Trailing |
Current |
New |
| Symmetry Moderate |
||||
| Series LB |
1.25% |
1.00% |
2.10% |
1.85% |
| Series LM |
1.25% |
1.00% |
2.10% |
1.85% |
| Series LX |
1.25% |
1.00% |
2.10% |
1.85% |
| Symmetry Growth Portfolio/Class |
||||
| Series LB |
1.25% |
1.00% |
2.25% |
2.00% |
| Series LM |
1.25% |
1.00% |
2.15% |
2.00% |
| Series LX |
1.25% |
1.00% |
2.25% |
2.00% |
| Symmetry Equity Portfolio Class |
||||
| Series LB |
1.25% |
1.00% |
2.25% |
2.00% |
| Series LM |
1.25% |
1.00% |
2.15% |
2.00% |
| Series LX |
1.25% |
1.00% |
2.25% |
2.00% |
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $63.2 billion in assets under management as of November 30, 2016, 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 over $140 billion in total assets under management as of November 30, 2016. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation
Trish Tervit, Director, Communications and Media Relations, Mackenzie Investments, 416-967-2166, [email protected]
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