Q – I’ve recently come into a sizeable inheritance, and I’ve been looking at alternatives to guaranteed investment certificates and money market funds, which yield next to nothing. But I’m still a novice when it comes to investing, so I’m a bit hazy on what various investments yield and what the risks are. Can you help sort it out? – Annie D., Saskatoon, Saskatchewan
Mackenzie Canadian Growth Balanced Fund is managed almost like a fund of funds, with Dennis Starritt, Dina DeGeer, and David Arpin managing the equity component, and Steve Locke with the Mackenzie Fixed Income Team taking care of the fixed-income sleeve. The top-level asset mix decision is now in the hands of Mackenzie’s Asset Mix Team, which is headed up by Alain Bergeron. The fund consistently posts first-quartile performance with below-average volatility, delivering a 1-year return of 17.12% to June 30, well above the benchmark and its category average. Here’s a look at what makes this fund tick.