Toronto-headquartered Mackenzie Investments has launched the Mackenzie ETF Portfolios, a suite of five globally diversified multi-asset portfolios constructed using the firm’s own ETFs, which include actively managed, smart beta, and traditional index approaches.
Barry McInerney, president and CEO, Mackenzie Investments.
“We have entered an era where investors are looking for innovative investment options,” said Barry McInerney, president and CEO, Mackenzie Investments.
“Our new Mackenzie ETF Portfolios represent the next stage in our firm’s constant commitment to delivering value to advisors and their clients. In broadening our ETF product offerings into portfolios, Mackenzie Investments is elevating the investing experience and providing choice for investors.”
Each portfolio is designed to suit a different category of investor based on degree of risk aversion, from those seeking conservative exposure to those willing to accept higher levels of volatility associated with more growth-oriented portfolios.
The Mackenzie Conservative Income ETF Portfolio provides a steady stream of income with an emphasis on capital preservation. Its asset mix will typically be 75% fixed income and 25% equity securities.
The Mackenzie Conservative ETF Portfolio provides a steady stream of income and potential long-term capital appreciation. Its asset mix will typically be 65% fixed income and 35% equity securities.
The Mackenzie Balanced ETF Portfolio provides a balance of income and long-term capital appreciation. Its asset mix will typically be 50% fixed income and 50% equity securities.
The Mackenzie Moderate Growth ETF Portfolio provides a balance between long-term capital appreciation and income, with an emphasis on long-term capital appreciation. Its asset mix will typically be 40% fixed income and 60% equity securities.
The Mackenzie Growth ETF Portfolio provides long-term capital appreciation and some income. Its asset mix will typically be 25% fixed-income and 75% equity securities.
Each portfolio is managed by Mackenzie’s asset allocation team and utilizes strategic and tactical asset allocation along with active currency management. Portfolio allocations may vary +/- 10%.
They are available to investors with a minimum CAD500 investment. Management fees on the Conservative Income Portfolio range from 0.525% to 1.30% depending on share class, while management fees on the other portfolios range from 0.575% to 1.60%.
“The Mackenzie ETF Portfolios offer the best of both worlds, combining the versatility of ETFs with the accessibility of mutual funds,” added Michael Schnitman, senior vice president, product of Mackenzie Investments. “With five risk profiles to choose from, these diversified portfolios are well suited as a core investment for every type of investor.”