Mackenzie brings emerging markets management in-house

Mackenzie Investments has announced a change to the portfolio management for its emerging markets offerings, effective May 17.

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Industry veteran Arup Datta, who was hired by Mackenzie Investments Corporation in Boston last year, will manage Mackenzie emerging markets class, Mackenzie emerging markets opportunities class and Mackenzie emerging markets opportunities fund using a quantitative investment approach. Mackenzie Investments Corporation in Boston will act as a sub-advisor to Mackenzie Investments.

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“Investors will further benefit from our in-house knowledge and stewardship as Arup and his team take on expanded responsibilities with Mackenzie,” says Tony Elavia, executive vice-president and CIO of the firm, in a release.

As previously announced, the Mackenzie emerging markets opportunities class will merge into the Mackenzie emerging markets class on July 6 as part of a number of mergers to streamline Mackenzie’s product shelf.

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