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Operations at a Glance
Mackenzie Financial Corporation is a multi-faceted
investment management and financial services corporation founded
in 1967. At December 31, 2002, Mackenzie had $34.4 billion
in assets under management and administration and 1.5 million
client accounts. Mackenzie mutual funds are sold through relationships
with 35,000 independent financial advisors across Canada.
In addition to the Mackenzie brand, funds are offered under
five names: Cundill, Ivy, Keystone, Maxxum and Universal.
2002 Highlights
- At the Canadian
Investment Awards Gala in December 2002, Mackenzie was named
Fund Company of the Year by financial advisors and won seven
other awards, more than any other fund company.
- During 2002, Mackenzie had more four
and five star rated funds by the independent Morningstar
service than any other Canadian mutual fund company.
- Innovation activity continued and
will result in several new tax efficient products.
- Mackenzie had net sales of long-term
funds of $700 million during the year.
- During 2002, Mackenzie Investment
Management Inc., a U.S. subsidiary, was sold for CDN$95
million to Waddell & Reed Financial, Inc. of Kansas.
- M.R.S. Trust was able to provide Canadian
content qualification to both Mackenzie’s and Investors
Group’s foreign funds for registered accounts.
- A new advertising campaign was unveiled
at the end of 2002 under the theme “Choose Wisely.”
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