Mackenzie launches three new active ETFs on TSX

Nov 28th, 2017 | By | Category: ETF and Index News

Mackenzie Investments has launched three new actively managed ETFs on Toronto Stock Exchange. The new ETFs provide various opportunities to manage interest rate risk, leverage non-traditional asset classes and invest in enhanced global equity diversification.

Michael Cooke Mackenzie

Michael Cooke, senior vice president and head of ETFs at Mackenzie Investments.

Michael Cooke, senior vice president and head of ETFs at Mackenzie Investments, commented: “We are very excited to expand our ETF shelf with these new products, delivering solutions to investors that offer the benefits of our portfolio management expertise plus the structural benefits unique to ETFs including liquidity and flexibility.”

The Mackenzie Ivy Global Equity ETF (MIVG CN) seeks to protect and grow investor capital by investing in a diversified portfolio of global equities. The investment approach is a relatively concentrated portfolio with a blended growth and value investment style. The team focuses on low volatility and preservation of wealth. The fund’s benchmark is the MSCI World Total Return Index and its management expense ratio (MER) is 0.85%.

The Mackenzie Canadian Short Term Fixed Income ETF (MCSB CN) seeks to maximize income while limiting duration risk. The fund provides exposure to higher than average credit quality bonds issued by Canadian corporates. The fund’s benchmark is the FTSE TMX Canada Short Term Overall Bond Index and its MER is 0.49%.

The Mackenzie Portfolio Completion ETF (MPCF CN) 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 fund’s benchmark is a combination of the MSCI World (60%) and the BofA Merrill Lynch Global Broad Market (Hedged to CAD) (40%). Its MER is 0.60%.

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