Mackenzie Investments launches Mackenzie Founders Global Equity Class

New fund combines proven investment strategies of Cundill and Ivy Investment Teams with tax-efficiency of Mackenzie Corporate Funds 

TORONTO, Nov. 17 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") today introduced Mackenzie Founders Global Equity Class, a new diversified global portfolio designed to provide long-term growth of capital.

Mackenzie Founders Global Equity Class offers investors the combined benefits of the Mackenzie Cundill and Mackenzie Ivy investment teams.  Together, the investment styles complement each other and provide exposure to a broad range of global investment opportunities.

"Although Mackenzie Cundill Value Fund and Mackenzie Ivy Foreign Equity Fund are strong funds on a stand-alone basis, together they have proved to be a remarkable fund pair, producing historically high risk-adjusted returns," said Terry O'Sullivan, Executive Vice President and National Sales Manager of Mackenzie Financial Services. "Many advisors have been purchasing these Cundill and Ivy funds together on behalf of their clients for years. Now, with a single purchase of Mackenzie Founders Global Equity Class, advisors and investors can more easily access the benefits of this exceptional fund duo, without the need to co-ordinate rebalance transactions."

The portfolio management teams will manage their respective equal portions of the Fund in a manner consistent with Mackenzie Ivy Foreign Equity Fund and Mackenzie Cundill Value Fund.

Mackenzie Ivy Foreign Equity Fund combines both growth and value investment styles, pursuing long-term growth by investing predominantly in a select group of high-quality multinational companies based outside of Canada. Mackenzie Cundill Value Fund employs a deep value investment approach, seeking long-term growth by investing in a broad range of undervalued global equities.

"Sales into equity mutual funds have slowed since the market correction of 2008 - 2009, despite a rebound in most major markets," said Bob Tattersall, Chief Investment Officer of Mackenzie Financial Corporation. "Mackenzie Founders Global Equity Class offers investors a comfortable global equity solution with a fund that has proven portfolio managers and historically low volatility."

Flexibility and tax efficiency
Mackenzie Founders Global Equity Class is one of more than 50 corporate funds offered by Mackenzie Investments.  The corporate funds are designed to maximize after-tax returns by minimizing taxable distributions, and investors may switch between corporate funds on a tax-deferred basis.  Many corporate funds also provide regular, tax-efficient income to investors.

Mackenzie Founders Global Equity Class is available in both Canadian and US dollar versions.

Full details about the new fund, including a simplified prospectus, can be found at www.mackenziefinancial.com.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $65.7 billion in assets under management as of October 31, 2010, Mackenzie Investments distributes its services through a diversified network of third-party financial advisors. 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 $124 billion in total assets under management as of October 31, 2010.

For further information:

Trish Tervit
Environics Communications Inc.
416-969-2809
[email protected]