| Mackenzie takes its fiduciary responsibilities
very seriously and has policies and procedures
in place to protect the interests of investors.
Its policies and procedures are designed to
prevent and discourage trading in funds that
could hurt long-term investors. As a matter
of good practice, Mackenzie is continuing to
refine current procedures. Mackenzie's policies
include:
No late-day trading: Late-day
trading is illegal. In Canada, there are
systematic procedures in place to eliminate
this issue. FundServ Inc., the leading provider
of trading services to the Canadian funds
industry, electronically processes the majority
of mutual fund buy and sell orders and automatically
timestamps orders as they arrive. The majority
of Mackenzie’s trades flow through
FundServ and for manual orders, Mackenzie’s
workflow system rules and procedures stringently
require orders be time-stamped and processed
before the 4pm ET cutoff.
Protective measures against improper trading: Mackenzie
monitors trading activities in its funds and watch
for irregularities using manual and electronic
surveillance of individual trades. Mackenzie also
has a set of rules and procedures to identify and
halt improper trading in its funds.
Mackenzie appreciates the trust clients place
in us and will work diligently to maintain that
confidence. |
© 2010 Mackenzie Financial Corporation. All rights reserved.