Mackenzie Investments cuts fees across 14 ETFs

Oct 7th, 2018 | By | Category: Alternatives / Multi-Asset

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Mackenzie Investments has announced a round of fee reductions across 14 of the firm’s ETFs.

Barry McInerney, president and CEO, Mackenzie Investments

Barry McInerney, President and CEO, Mackenzie Investments.

“It’s incredible to think that in just two and a half years our ETF shelf has grown so rapidly that we are quickly approaching $3 billion in AUM, leading us to become the eighth largest ETF provider in the country,” said Barry McInerney, President and Chief Executive Officer, Mackenzie Investments.

“Today, we are furthering our leadership position by lowering prices on fourteen exchange-traded funds.”

Through lower management expense ratios (MERs), investors will benefit from cost savings across a range of local and global exposures across both fixed income and equities.

All five of the fixed income funds are actively managed and include ETFs targeting core aggregate bond portfolios of Canadian or global issuers, global high yield bonds, floating rate bonds (primarily from the US), as well as a ‘go anywhere’, unconstrained bond portfolio.

On the equities side, most of the ETFs are smart beta in nature and part of the firm’s ‘Maximum Diversification’ line-up, core portfolio funds that track broad market indices which have been designed to offer greater diversification than similar cap-weighted benchmarks. The suite includes global, international, European developed, US, Canadian, and emerging market funds.

Also benefiting from lower fees are two actively managed equity ETFs, one providing access to a low volatility concentrated portfolio of global stocks, while the other offers thematic exposure to global firms who are leading the field in terms of gender equality.

Mackenzie has also brought down the charges on its ‘portfolio completion’ ETF, which seeks to improve the risk-adjusted return profile of a traditional balanced portfolio by investing nearly half of the fund’s assets in alternative asset classes.

The ETFs, along with their respective MER reductions, are outlined below:

Fixed income

Mackenzie Core Plus Canadian Fixed Income ETF (MKB CN); from 0.55% to 0.40%
Mackenzie Floating Rate Income ETF (MFT CN); from 0.65% to 0.60%
Mackenzie Global High Yield Fixed Income ETF (MHYB CN); from 0.65% to 0.60%
Mackenzie Unconstrained Bond ETF (MUB CN); from 0.55% to 0.50%
Mackenzie Canadian Short Term Fixed Income ETF (MCSB CN); from 0.49% to 0.35%

Equities

Mackenzie Global Leadership Impact ETF (MWMN CN); from 0.60% to 0.55%
Mackenzie Ivy Global Equity ETF (MIVG CN); from 0.85% to 0.75%
Mackenzie Maximum Diversification Canada Index ETF (MKC CN); from 0.60% to 0.45%
Mackenzie Maximum Diversification US Index ETF (MUS CN); from 0.60% to 0.45%
Mackenzie Maximum Diversification Developed Europe Index ETF (MEU CN); from 0.60% to 0.50%
Mackenzie Maximum Diversification All World Developed Index ETF (MWD CN); from 0.60% to 0.50%
Mackenzie Maximum Diversification All World Developed ex North American Index ETF (MXU CN); from 0.60% to 0.50%
Mackenzie Maximum Diversification Emerging Markets Index ETF (MEE CN); from 0.60% to 0.50%

Alternatives

Mackenzie Portfolio Completion ETF (MPCF CN); from 0.60% to 0.45%

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