Mackenzie Financial Corporation has appointed Portfolio Solutions Group (PSG) to act as sub-advisor on a number of Quadrus funds.
On July 5, PSG will take over as sub-advisor for the following Folio Funds:
- Conservative Folio Fund
- Moderate Folio Fund
- Balanced Folio Fund
- Advanced Folio Fund
- Aggressive Folio Fund
On the same date, PSG will also become sub-advisor for the following Multi Manager Corporate Class Asset Allocation Funds:
- Canadian Equity Class
- North American Speciality Class
- U.S. and International Equity Class
- U.S. and International Speciality Class
PSG is a division of the Great-West Life subsidiary GLC Asset Management Group.
In a press release announcing the change, Mackenzie said that PSG's tailored approach "gets to the root of what investors need to help them comfortably achieve their long-term investment goals" and builds portfolios that are "true to investors' expectations".