TORONTO, May 9, 2018 /CNW/ - Mackenzie Investments announced a change today to the portfolio management for its emerging markets offerings, effective May 17.
Industry veteran Arup Datta, who was hired by Mackenzie Investments Corporation in Boston last year, will manage Mackenzie Emerging Markets Class, Mackenzie Emerging Markets Opportunities Class and Mackenzie Emerging Markets Opportunities Fund using a quantitative investment approach. Mackenzie Investments Corporation in Boston will act as a sub-advisor to Mackenzie Investments.
"Mackenzie will benefit from Arup's 25 years of experience in quantitative equity investing and proven track record in emerging markets," said Tony Elavia, Executive Vice President and Chief Investment Officer. "Investors will further benefit from our in-house knowledge and stewardship as Arup and his team take on expanded responsibilities with Mackenzie."
"The Global Quantitative Equity Team is looking forward to applying our expertise in managing quantitative strategies to Mackenzie's emerging market offerings," said Arup Datta, Senior Vice-President and Head of Global Quantitative Equity.
As previously announced, the Mackenzie Emerging Markets Opportunities Class will merge into the Mackenzie Emerging Markets Class on July 6 as part of a number of mergers to streamline Mackenzie's product shelf.
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $127.4 billion in assets under management as of April 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 $156.3 billion in total assets under management as of April 30, 2018. 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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