Mackenzie Investments Makes Changes to TOBAM Suite of Funds to Deliver Enhanced Diversification

Six funds will be renamed to reflect changes in strategy

TORONTO, July 15, 2020 /CNW/ - Mackenzie Investments today announced it has changed the strategy on its suite of TOBAM mutual funds to provide investors with enhanced market exposure.

To further increase diversification, each fund will now invest substantially all its assets to track its associated TOBAM index. Through employing their Maximum Diversification® approach, each TOBAM index aims to create a more diversified portfolio relative to the market capitalization weighted benchmarks.

As a result of this strategy change, six funds will be renamed effective today:

Former Name of Fund	New Name of Fund
Mackenzie High Diversification Emerging Markets Equity Fund	Mackenzie Maximum Diversification Emerging Markets Index Fund
Mackenzie High Diversification Canadian Equity Class	Mackenzie Maximum Diversification Canada Index Class
Mackenzie High Diversification Global Equity Fund	Mackenzie Maximum Diversification All World Developed Index Fund
Mackenzie High Diversification European Equity Fund	Mackenzie Maximum Diversification Developed Europe Index Fund
Mackenzie High Diversification US Equity Fund	Mackenzie Maximum Diversification US Index Fund
Mackenzie High Diversification International Equity Fund	Mackenzie Maximum Diversification All World Developed ex North America Index Fund

No action is required by investors.

About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $140.4 billion in assets under management as of June 30, 2020, 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 $165.4 billion in total assets under management as of June 30, 2020. For more information, visit mackenzieinvestments.com.

About TOBAM
TOBAM is an asset management company offering innovative investment capabilities designed to increase diversification. Its mission is to provide rational and professional solutions to long term investors in the context of efficient (i.e. unforecastable) markets. The Maximum Diversification^® approach, TOBAM's flagship investment process founded in 2006, is supported by original, patented research and a mathematical definition of diversification and provides clients with diversified core exposure, in both the equity and fixed income markets.  The company manages US$7.3 billion (as of June 2020) in Equities, Fixed Income and Multi-Asset strategies. The team is composed of 47 professionals from 18 different nationalities.

SOURCE Mackenzie Investments

Rebecca Ellison, Mackenzie Investments, 647-983-4963, [email protected]