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Press release from CNW Group

Mackenzie Investments adds fixed-income capabilities

Friday, May 27, 2011

Mackenzie Investments adds fixed-income capabilities12:46 EDT Friday, May 27, 2011TORONTO, May 27, 2011 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) is pleased to announce that it has strengthened its high-yield investment capabilities by adding Putnam Investments as sub-advisor to several Mackenzie high-yield corporate bond funds, effective June 1, 2011.Putnam Investments appointed as sub-advisor on high yield fundsPutnam will assume Portfolio Management responsibilities for Mackenzie Sentinel Corporate Bond Fund, Mackenzie Sentinel North American Corporate Bond Class, and Mackenzie Sentinel Registered North American Corporate Bond Fund, as well as becoming one of the managers on the high-yield fixed income mandate of Symmetry Fixed Income Class and Symmetry Registered Fixed Income Fund."Over the years, Putnam has built a comprehensive fixed income capability driven by an extraordinarily deep and talented team who have worked together, in many cases, for well over 10 years," said Charles R. Sims, President and Chief Executive Officer of Mackenzie Financial Corporation. "The team has an enormous breadth of expertise particularly in high-yield credit."Putnam's North American fixed income corporate credit team is composed of four portfolio managers, supported by 19 credit sector specialists that are part of a broader fixed income team totaling 70+ members. Average investment experience of the senior fixed-income investment management team is 20+ years with an average tenure at Putnam of more than 10 years.Mackenzie Sentinel Strategic Income Effective, June 1, 2011, Mackenzie Sentinel Strategic Income Class and Mackenzie Sentinel Registered Strategic Income Fund will be managed by Steve Locke, Sentinel Team Lead and Norman Raschkowan, Mackenzie Maxxum Team Lead. Steve and Norman will work closely together, as they currently do on the award-winning Mackenzie Sentinel Income Fund1, with Steve focusing on high-income fixed income securities, while Norman focuses on high-income equity securities.Putnam Investments, Steve Locke and Norman Raschkowan replace Dan Bastasic on the funds noted above.Putnam InvestmentsFounded in 1937, Putnam Investments is a leading global money management firm with over 70 years of investment experience. The firm was recently named one of the top 15 mutual fund families by Lipper/Barron's for the second consecutive year. At the end of April 2011, Putnam had $130 billion in assets under management, including mutual fund assets of $71 billion and institutional assets of $59 billion. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore and Sydney. For more information, visit putnam.com.Putnam Investments and Mackenzie Investments became affiliates in 2007 when Great-West Lifeco Inc. acquired Putnam Investments. Great-West Lifeco Inc. is a member of the Power Financial Corporation group of companies.Mackenzie InvestmentsMackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $71.1 billion in assets under management as of April 30, 2011, Mackenzie Investments distributes its services through a diversified network of third-party financial advisors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $134 billion in total assets under management as of April 30, 2011. For more information, visit mackenziefinancial.com.______________________1 Mackenzie Sentinel Income Fund awarded the 2011 Lipper award for best 10-year risk-adjusted performanceFor further information: Jessica Davidson Environics Communications 416-969-2735 jdavidson@environicspr.com