Mackenzie Investments and ChinaAMC (HK) launch first sub-advised product together in Hong Kong market Français
TORONTO, Oct. 31, 2018 /CNW/ - Mackenzie Investments and China Asset Management (Hong Kong) Limited (ChinaAMC (HK)) announced today the launch of ChinaAMC Mackenzie Global Strategic Income Fund in Hong Kong. This new fund will be managed by ChinaAMC (HK) and sub-advised by Mackenzie out of Toronto, Canada.
"Last year, Mackenzie completed an acquisition of 13.9% interest in China Asset Management," said Barry McInerney, President and Chief Executive Officer, Mackenzie Investments. "Part of the strategy behind that investment was to work together with ChinaAMC (HK) to develop products and further our sub-advisory relationships. We get to do both with the launch of ChinaAMC Mackenzie Global Strategic Income Fund."
ChinaAMC Mackenzie Global Strategic Income Fund will seek to deliver income with the potential for long-term capital growth by investing globally in income-oriented equities and fixed income securities.
The Fund's investments will be managed in Canada by Mackenzie's experienced Global Equity & Income and Fixed Income teams. The Fixed Income team is led by Steve Locke who has 24 years of investment expertise, while Darren McKiernan leads the Global Equity & Income team with more than two decades of investment expertise.
"It's exciting that our partnership with ChinaAMC (HK) gives us distribution and product capabilities to enter the rapidly growing Hong Kong market," added McInerney.
ChinaAMC participates in the Canadian market, as sub-advisor on some of Mackenzie's mutual funds and Exchange Traded Funds.
"This fund launch is a new chapter in our relationship with Mackenzie," said Dr. Frank Xiaoling Zhang, CEO of ChinaAMC (HK). "We are pleased to expand our product suite by launching our first Hong Kong focused global balanced fund together with Mackenzie Investments. We believe our partnership will draw on each other's expertise and resources to offer new financial products for investors in the fast-changing investment world."
About China Asset Management (Hong Kong) Limited
China Asset Management (Hong Kong) Limited ("ChinaAMC (HK)") is a wholly-owned subsidiary of China Asset Management Co., Ltd and was incorporated in Hong Kong in September 2008. As an advocate of globalized financial markets, ChinaAMC (HK) is a diversified and integrated asset management company. ChinaAMC (HK) has a broad range of product lines, including long-only funds, hedge funds, exchange traded funds (ETF), leveraged/inverse products, bond funds, segregated accounts, funds of funds (FOF) and private equity funds (PE Funds). For more information, visit www.chinaamc.com.hk.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $140.8 billion in assets under management as of September 30, 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 $159.7 billion in total assets under management as of September 30, 2018. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation
Mark Gamache, Proof Communications, [email protected], 416-969-2670
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