New mutual fund aims to deliver long-term growth and expands Canadian investors' choice from across market-cap spectrum
Mackenzie Investments has launched a new mutual fund that offers Canadian investors potential long-term growth and diversification benefits.
Managed by the firm’s Growth Team, the Mackenzie US Mid Cap Opportunities Fund “gives investors access to what can be the sweet spot of the market-cap spectrum,” said senior vice president and head of Product Kristi Ashcroft.
“Many investors favour larger companies, but there's a unique risk-return opportunity between fast-growing small businesses and mature large companies that can help to diversify portfolios and provide the potential for strong returns,” Ashcroft said.
The fund will be run by senior vice president and distinguished portfolio manager Phil Taller, along with vice president and portfolio manager Sonny Aggarwal and associate portfolio manager John Lumbers.
Ashcroft noted that Taller, Aggarwal, and Lumbers have demonstrated their capabilities in managing two other mandates: the Mackenzie US Mid Cap Growth Class and Mackenzie US Mid Cap Growth Currency Neutral Class, which have been renamed as the Mackenzie US Small-Mid Cap Growth Class and Mackenzie US Small-Mid Cap Growth Currency Neutral Class, respectively.
With their experience and knowledge of U.S. mid-cap companies, the three will assess and select businesses with the high-quality, innovative characteristics for a portfolio that can potentially deliver long-term capital growth.