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Press release from CNW Group

Mackenzie Investments launches Mackenzie Universal Canadian Shield Fund

Monday, July 11, 2011

Mackenzie Investments launches Mackenzie Universal Canadian Shield Fund10:00 EDT Monday, July 11, 2011TORONTO, July 11, 2011 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") today introduced Mackenzie Universal Canadian Shield Fund, a Canadian equity fund that seeks to generate risk-adjusted absolute returns in Canadian dollars and to preserve its capital in all market environments. The Fund aims to achieve these objectives by investing in an actively managed portfolio consisting mainly of Canadian equity and fixed income securities.Mackenzie Universal Canadian Shield Fund is managed by a team of portfolio managers led by Roger Mortimer, founder and Chief Investment Officer of Parador Asset Management, LLC. As the only open-ended mutual fund managed by Mr. Mortimer, Mackenzie Universal Canadian Shield Fund provides retail investors with exclusive access to his investment expertise."Mackenzie Universal Canadian Shield Fund offers investors a unique approach to investing in Canadian markets," said Blake Moore, Executive Vice-President and Head of Distribution, Mackenzie Investments. "With an absolute return mandate, Parador has the flexibility to focus its research efforts on its highest conviction ideas. Roger and his team aim to both grow and preserve capital for investors by employing a blend of strategies, including flexible asset allocation, currency hedging, and holding cash where conditions merit."Mackenzie Universal Canadian Shield Fund converted to a mutual fund from a successful closed-end investment fund originally listed in 2009. As of July 8, 2011 the Fund had $150 million in assets under management.Mackenzie InvestmentsMackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $68.8 billion in assets under management as of June 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 $130 billion in total assets under management as of June 30, 2011. For more information, visit mackenziefinancial.com.For further information: Trish Tervit Environics Communications 416-969-2809 ttervit@environicspr.com