Mackenzie Investments announced Oct. 10 the launch of three new funds: Mackenzie All China Equity Fund, Mackenzie Global Sustainability and Impact Balanced Fund and Mackenzie Global Leadership Impact Fund, which has a focus on promoting the benefits of women in leadership.
The Mackenzie All China Equity Fund will be sub-advised by China Asset Management Co. (China AMC). Mackenzie recently acquired a 13.9 per cent interest in China AMC. Together with Power Corporation, the indirect parent company of IGM Financial (parent company of Mackenzie), Mackenzie Investments and Power hold a 27.8 per cent interest in China AMC.
"The Chinese market is large and complex, requiring local expertise to navigate effectively. Mackenzie All China Equity Fund offers Canadian investors access to that local knowledge through China AMC," stated Michael Schnitman, Senior Vice President Product for Mackenzie Investments. "Expertise, insight and investment team infrastructure are essential for finding opportunities in a market such as China."
Environmental and social impact
The new Mackenzie Global Sustainability and Impact Balanced Fund is aimed at providing Canadian investors with a solution that helps their investments have a positive environmental and social impact, says the company.
The Mackenzie Global Leadership Impact Fund focuses on investing in companies that promote the representation of women in positions of leadership, including executive management and on boards of directors.
Women in leadership
"These new products provide options that take into consideration important environmental, social and governance criteria, including the representation of women in the corporate world," said Schnitman. "Canadian investors are ready to impact positive social change and want to use their wallets to influence decision making."
Both funds are managed by integrating Environmental, Social and Governance (ESG) evaluations of companies with fundamental analysis into the investment process.
All three new funds will be available for purchase on Oct. 16.