By Canada Life | June 16, 2022
The investment manager research (IMR) team oversees the fund managers of Canada Life’s mutual and segregated funds. They monitor, evaluate, and rate the funds and their managers. This helps to ensure the managers and funds on our platform are relevant and competitive so you can feel confident you are providing the right investment solutions to your clients.
On June 9, 2022, Mackenzie Investments announced that Martin Downie, Senior Vice President and Portfolio Manager, will retire at the end of June 2022. Downie joined IG Wealth Management in March 2012. After the investment management operations merger at Mackenzie in 2017, Downie became Team Lead on the North American Equities (NAE) boutique.
William Aldridge will be appointed as Co-Team Lead for NAE with Mark Jackson on July 1, 2022. Aldridge has been part of the Mackenzie investment management team since April 2008. He became Lead Manager of Canadian All Cap portfolios in 2014. Aldridge is also the Lead Portfolio Manager on the Mackenzie Canadian Equity Fund.
Tim Johal will be appointed as Lead Portfolio Manager of the team’s Canadian dividend strategies. Johal has been with Mackenzie since 1998. Downie mentored Johal over the past decade on the dividend income strategies.
The current NAE team (excluding Downie) has 11 experienced members (5 portfolio managers and 6 analysts). Beyond Downie’s retirement, there are no other changes to the team.
As per our regular process, the IMR team will review the changes. We’ll provide you an update when the review is complete.
The investment strategies of all mandates managed by the NAE team will not change.
For advisor use only.
The views expressed in this update are those of this fund manager as at the date of publication and are subject to change without notice. This update is presented only as a general source of information and is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax or legal advice.
This fund is available through a segregated funds policy issued by The Canada Life Assurance Company or as a mutual fund managed by Canada Life Investment Management Ltd. offered exclusively through Quadrus Investment Services Ltd. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. A description of the key features of the segregated fund policy is contained in the information folder. Any amount allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value.
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