Mackenzie Investments launches three new Saxon Corporate Class Funds

TORONTO, July 20 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") introduced three new Saxon Corporate Class funds available for purchase today: Mackenzie Saxon Balanced Class, Mackenzie Saxon Stock Class and Mackenzie Saxon Small Cap Class.

Mackenzie Saxon Balanced Class, Mackenzie Saxon Stock Class and Mackenzie Saxon Small Cap Class each combine the benefits of investment strategies pursued by longstanding, well-respected Mackenzie Saxon trust mutual funds with the tax advantages of Mackenzie Investment's Capitalcorp structure. Specifically designed for taxable investors, the Capitalcorp structure gives investors the flexibility to switch between more than 50 Mackenzie corporate class funds on a tax-deferred basis.

Mackenzie Saxon Balanced Class aims to generate significant long-term capital growth and to earn income by investing primarily in a well-diversified balanced portfolio of Canadian equity and fixed income securities. Typically comprised of 70% equity and 30% fixed income securities, both the equity and fixed income portions of the portfolio are actively managed. Suzann Pennington, Saxon Team Lead, follows a strict bottom-up value investment process that often results in an equity portfolio that is different and more diversified than the benchmark index. Steve Locke, co-lead of the Mackenzie Sentinel investment team, uses a variety of approaches to manage the fixed income portion of the portfolio, including interest rate anticipation, yield enhancement and relative value trades.

Mackenzie Saxon Stock Class aims to generate significant long-term capital growth by investing in a combination of small, medium and large capitalization Canadian companies. Suzann Pennington is Lead Portfolio Manager for the Fund.

Mackenzie Saxon Small Cap Class aims to generate significant long-term capital growth by investing primarily in a well-diversified portfolio of smaller Canadian companies with below average market capitalization. Portfolio Manager Scott Carscallen is responsible for Saxon's Canadian Small Cap and Micro Cap investment management mandates.

Full details about the new funds, including simplified prospectuses, 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 $60.9 billion in assets under management as of June 30, 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 $115 billion in total assets under management as of June 30, 2010.

For further information: Jessica Davidson, Environics Communications Inc., 416-969-2735, [email protected]