Mackenzie updates investment objective for Multi-Strategy Absolute Return FundBy The IJ Staff | January 11 2019 01:30PM
Mackenzie Investments has updated the investment objective and strategies of Mackenzie Multi-Strategy Absolute Return Fund to align it with new regulations, announced the company Jan. 11.
On January 3, 2019, regulations governing alternative mutual funds came into effect within National Instrument 81-102.
“The changes in investment objective and strategies provide additional flexibility for the Fund's portfolio managers to use derivatives and engage in short selling and borrowing to achieve its objectives, all in accordance with current regulatory standards,” says the company.
While traditional relative return mutual funds tend to move in tandem with the markets, alternatives such as Mackenzie's Multi-Strategy Absolute Return Fund offer the potential for lower volatility by using a modern, multi-strategy approach that seeks a positive total return over a market cycle.