Mackenzie launches new fundBy Al Emid | February 27 2020 12:13PM
Mackenzie Investments announced on Feb. 26 the launch of a new mutual fund, Mackenzie Global Small-Mid Cap Fund.
"Small and mid cap stocks have historically offered higher absolute returns relative to large caps,” says Kristi Ashcroft, senior VP and head of product, Mackenzie Investments. “We believe that gaining exposure to smaller and mid-sized global companies will diversify their portfolios and provide the potential for solid returns."
The fund works with teams specialized in small and mid cap investing in North America, Europe and Asia.
"The Mackenzie Global Small-Mid Cap Fund seeks to provide Canadian investors with strong returns and diversification opportunities, given that two-thirds of the world's companies are small and mid caps," says Ashcroft. "Many investors have an affinity for investing in large global companies, so these smaller company opportunities may be underrepresented in their portfolios."