Mackenzie introduces three new alternative fundsBy The IJ Staff | February 26 2019 01:30PM
Mackenzie Investments has launched three new liquid alternative funds. The funds aim to manage the negative impact of market volatility, while improving portfolio stability, said the company in a statement Feb. 26.
The new funds are: the Mackenzie Credit Absolute Return Fund, the Mackenzie Global Macro Fund and the Mackenzie Global Long/Short Equity Alpha Fund. These funds, along with the Mackenzie Multi-Strategy Absolute Return Fund, form a suite of alternative solutions offered by the company.
"We can now take a modern approach to portfolio construction that will create opportunities for stronger, better-diversified portfolios and outcomes for our investors," said Michael Schnitman, Senior Vice-President, Product at Mackenzie Investments. "By using liquid alternatives' winning combination of more diversification and lower correlation to the markets, we can help provide investors with improved portfolio stability with less reliance on market direction."