#USA #Collective Investment Trusts #Boston, Massachusetts #Mackenzie Investments #SEI Trust Company

Mackenzie Investments Partners with SEI for U.S. Expansion

Mackenzie Investments and SEI Trust Company (STC) recently announced a strategic collaboration aimed at enhancing the availability of institutional investment options in the United States. This partnership signals a commitment to providing flexible and innovative investment solutions that cater to the evolving needs of institutional investors.

Overview of the Partnership

The collaboration aims to launch a suite of Collective Investment Trusts (CITs) that will include four distinct strategies:

• - Mackenzie Quantitative International Large Cap CIT
• - Mackenzie Quantitative International Small Cap CIT
• - Mackenzie Quantitative U.S. Small Cap CIT
• - Mackenzie Quantitative Emerging Markets All Cap CIT

These CITs will streamline access to Mackenzie’s Global Quantitative Equity strategies, which emphasize a combination of advanced data science and human input. This holistic approach seeks to achieve alpha generation while managing risks effectively, making these investment vehicles suitable for Defined Contribution (DC) and Defined Benefit (DB) plans.

Chris Adey, Head of U.S. Institutional Sales at Mackenzie Investments, expressed enthusiasm about this initiative, stating, “We’re pleased to now offer U.S. institutions the opportunity to access proven Mackenzie Global Quantitative Equity strategies through our CITs. Establishing CIT vehicles further reinforces our commitment to serving U.S. institutional consultants and allocators across the spectrum.”

By appointing SEI Trust Company as trustee, Mackenzie combines its investment management expertise with SEI’s robust operational capabilities. This collaboration aims to meet the heightened demand for efficient and cost-effective investment solutions. Sean Lawlor, Senior Vice President at SEI, noted that the partnership takes operational excellence and fiduciary service to new heights, further empowering institutional investors and consultants.

The Importance of CITs

CITs are gaining traction due to their ability to simplify and lower the costs associated with investment management for institutional funds. Unlike mutual funds, CITs are not required to register under the Securities Act of 1933, which can lead to greater operational efficiencies. They typically offer institutional investors a streamlined investment process further enhanced by the unique strategies provided by firms like Mackenzie.

Both Mackenzie and SEI possess extensive experience in their respective fields. Mackenzie Investments manages approximately CAD 244 billion in assets and strives to deliver strong performance and innovative investment solutions to its clientele. Established in 1967, Mackenzie is headquartered in Canada, with global offices in cities such as Boston and Dublin. Conversely, SEI boasts over 30 years of expertise in the CIT domain and currently manages around $1.8 trillion in assets across various sectors.

Focus on Institutional Needs

This partnership comes in response to the continually evolving landscape of institutional investments in the U.S. stakeholders are increasingly looking for investment vehicles that not only promise solid returns but also allow for adaptability in a changing economic environment. The introduction of these CIT strategies gives institutions the tools necessary to navigate the complexities of the investment market, while still adhering to their fiduciary responsibilities.

In conclusion, the collaboration between Mackenzie Investments and SEI Trust Company marks a significant development in the investment management sector, particularly for U.S. institutional investors. With a strong partnership focused on operational excellence and innovative investment solutions, the two firms are poised to lead the charge in a fast-evolving market landscape.

For more information about this development, please visit Mackenzie Investments and SEI.

Disclaimer: Investing carries risks, including loss of principal. While these strategies are actively managed, continued reliance on quantitative models may not yield intended results.