Toronto, Canada – March 18, 2025 – Common Wealth is excited to welcome Mackenzie Investments, one of Canada’s most experienced asset managers with over $200 billion in assets under management, as a new investment manager on its platform. Mackenzie joins BlackRock, RBC PH&N, and Blumont Annuity (formerly Brookfield Annuity) in Common Wealth’s growing investment roster. As part of this partnership, Common Wealth is introducing the Mackenzie Shariah Global Equity Fund, a shariah-compliant investment option designed to help more Canadians align their retirement savings with their financial and ethical values.
With Canada’s Muslim population growing from 2% (580,000 people) in 2001 to 4.9% (1.8 million) in 2021, according to Statistics Canada, the demand for shariah-compliant investment options has increased. By introducing the Mackenzie Shariah Global Equity Fund, Common Wealth is addressing this gap and ensuring more Canadians can participate in workplace retirement plans while staying true to their values.
Shariah-compliant investing follows the principles of Islamic finance, avoiding industries such as alcohol, gambling, and weapons while excluding interest-based earnings. The Mackenzie Shariah Global Equity Fund is certified by the Islamic Finance Advisory Board, ensuring strict adherence to shariah investment guidelines.
For advisors and employers, this fund provides an opportunity to better serve a diverse client base while supporting broader participation in workplace retirement plans. Common Wealth’s digital-first platform simplifies the investment experience by providing transparent fund details, automated dividend purification calculations to ensure compliance, and educational resources to help members make informed decisions about their retirement savings.
The Mackenzie Shariah Global Equity Fund is now available to new clients. Advisors and employers interested in learning more can connect with their Common Wealth Account Executive.
About Common Wealth
As the country’s fastest-growing group retirement provider, Common Wealth is revolutionizing workplace retirement plans in Canada. Working closely with advisors and consultants, Common Wealth is helping to provide employers with a modern and integrated retirement platform that offers personalized planning, saving, and investing solutions to support all Canadian workers at every stage of their retirement journey. For more information, visit www.commonwealthretirement.com.
For sales & partnership inquires, please contact:
Connor Bays
Head of Sales and Partnerships
cbays@commonwealthretirement.com
For media inquiries, please contact:
Chris Yeldon
Head of Marketing
cyeldon@commonwealthretirement.com
