Mackenzie Investments cuts fees on 13 ETFs

Sep 19th, 2019 | By | Category: Alternatives / Multi-Asset

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Canadian asset manager Mackenzie Investments has reduced the expense ratio on thirteen of its index-linked ETFs.

Michael Cooke Mackenzie

Michael Cooke, Senior Vice President and Head of ETFs, Mackenzie Investments.

The fee cuts range in size from 1 to 16 basis points and relate to seven equity and six fixed income ETFs.

The equity ETFs include Canadian large-cap, US large-cap, and international equity funds, as well as currency-hedged versions of these products.

The seventh ETF provides exposure to large-cap China A-share securities.

On the fixed income side, Mackenzie is lowering the cost for its Canadian aggregate bond, corporate bond, and short-term bond products.

The other three ETFs with new lower expense ratios provide currency-hedged exposure to the US market, targeting Treasury Inflation-Protected Securities (TIPS), investment-grade corporate bonds, and high-yield debt.

Michael Cooke, Senior Vice-President and Head of ETFs, Mackenzie Investments, commented, “Our suite of Index ETFs provides investors with effective and versatile building blocks for a diversified portfolio. By lowering our prices on 13 ETFs, we’re delivering better value to our investors and building upon our leadership in the ETF market.”

“Today’s announcement is the latest example of our ongoing commitment to provide more value to Canadian investors and contribute to their financial success,” added Barry McInerney, President and CEO, Mackenzie Investments. “We’re proud of our ability to offer Canadians unparalleled choice, value, and performance.”

The fee reductions are as follows:

Mackenzie Canadian Large Cap Equity Index ETF (QCE CN); from 0.05% to 0.04%.
Mackenzie Canadian Equity Index ETF (QCN CN); 0.05% to 0.04%.
Mackenzie US Large Cap Equity Index ETF (QUU CN); 0.08% to 0.06%.
Mackenzie US Large Cap Equity Index ETF (CAD-Hedged) (QAH CN); 0.08% to 0.06%.
Mackenzie International Equity Index ETF (QDX CN); 0.20% to 0.17%.
Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH CN); 0.20% to 0.17%.
Mackenzie China A-Shares CSI 300 Index ETF (QCH CN); 0.65% to 0.55%.

Mackenzie Canadian Aggregate Bond Index ETF (QBB CN); 0.09% to 0.07%.
Mackenzie Canadian All Corporate Bond Index ETF (QCB CN); 0.30% to 0.14%.
Mackenzie Canadian Short-Term Bond Index ETF (QSB CN); 0.09% to 0.08%.
Mackenzie US TIPS Index ETF (CAD-Hedged) (QTIP CN); 0.20% to 0.15%.
Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) (QUIG CN); 0.25% to 0.15%.
Mackenzie US High Yield Bond Index ETF (CAD-Hedged) (QHY CN); 0.50% to 0.40%.

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