The fund will invest in a variety of commodities, fixed income securities, and stocks that are anticipated to work well together to withstand inflation. Actively managed by portfolio managers from Mackenzie’s Resource and Fixed Income boutiques, it will make tactical changes to its asset allocation based on prevailing inflation characteristics as determined by a proprietary model and fundamental research.
“With this new Fund, we aim to mitigate the impact of inflation by tactically allocating across asset classes that perform well during inflationary periods, while tilting back to a more traditional 60-40 balanced portfolio when inflation is benign,” Benoit Gervais, Senior Vice President, Portfolio Manager and Head of the Resource Team at Mackenzie Investments said in a statement.
The fund will target an asset mix of 40–60% equity, 40–60% fixed income, and 0–10% commodities. It may make investments in other asset classes with a track record of performing well in inflationary conditions.
Meanwhile, the Mackenzie USD US Mid Cap Opportunities Fund is a true U.S. dollar fund that offers Canadians the chance to invest US dollars and benefit from growth opportunities in the US.
According to Sonny Aggarwal, vice president and portfolio manager at Mackenzie Investments, “This new Fund offers Canadian investors holding U.S. currency an effective opportunity to get invested and take advantage of mid-cap growth opportunities in the U.S. economy.”
