Mackenzie launches international stock fund

Article Abstract:

Toronto, Ontario-based Mackenzie Financial Corp., the fourth-biggest fund firm in Canada, has rolled out Universal Select Managers, an international stock fund that will be managed by five mutual fund managers. These managers are Mackenzie Financial's Bill Kanko, London, UK-based Cundill Investment Research Inc.'s Peter Cundill, Boca Raton, FL-based Mackenzie Investment Management Inc.'s Jim Broadfoot, London-based Henderson Investors Ltd.'s Stephen Peak and Brian Ashford-Russell. Universal Select Managers will be entirely, or close to entirely invested in about 50 firms.

Comment:

Rolls out Universal Select Managers, an international stock fund that will be managed by 5 mutual fund managers

Parent-to-subsidiary activities, Mackenzie Financial Corp.

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Sceptre Equity Growth hits a rough patch

Article Abstract:

Sceptre Investment Counsel Ltd. of Toronto, Ontario, the manager of the Sceptre Equity Growth Fund, posted a 0.3% return on investment for the fiscal year that ended Jun. 30, 1998, a poor performance compared with the 3.8%-average performance for the same period for its rivals in the industry. The fund, which still leads the industry when computed for five-year gains, has been hit with several poorly made investments. These include exposure in YBM International Inc. and investments made in the oil and gas sector that suffered from a decline in oil prices.

Comment:

Posts a 0.3% return on investment for the fiscal year that ended 6/30/98

Sales, profits & dividends, Sceptre Investment Cousel Ltd.

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