Mackenzie Financial Corporation, a division of MackenzieInvestments,announced the launch of four fixed income Exchange Traded Funds (ETFs). The four fixed income ETFs will trade on the Toronto Stock Exchange starting today.
The suite of ETFs will be managed by the Mackenzie Fixed Income Team, led by Steve Locke, Senior Vice President and Portfolio Manager.
Each ETF takes a different approach to generate stable risk-adjusted returns for investors in the fixed income markets, according to a press release. The four ETFs consist of:
Mackenzie Core Plus Global Fixed Income ETF (TSX:MGB) invests primarily in investment-grade fixed income securities denominated in Canadian or foreign currencies that are issued by companies or governments.
Mackenzie Unconstrained Bond ETF (TSX:MUB) invests primarily in fixed income securities of issuers anywhere in the world and in derivative instruments.
Mackenzie Floating Rate Income ETF (TSX:MFT) invests primarily in floating rate debt instruments and/or high yield debt securities of global issuers.
Mackenzie Core Plus Canadian Fixed Income ETF (TSX:MKB) invests primarily in investment-gradeCanadian government and corporate fixed income instruments and asset-backed securities with maturities of more than one year.
By launching the Mackenzie ETFs, we are delivering solutions to investors and advisors that offer the benefits of portfolio manager expertise plus structural benefits not available in other investment vehicles, said Michael Cooke, senior vice president and Head of Exchange Traded Funds at Mackenzie Investments. We look forward to sharing our next launch in the near future.
This is a good day for Canadians who are seeking financial success and confidence through a variety of investment solutions. Our active ETFs extend our commitment to bring the best offerings to advisors and help them meet investors needs, said Jeff Carney, president and CEO of Mackenzie Investments. These ETFs provide the innovation you would expect from Mackenzie Investments in a product that delivers our asset management expertise to a broader audience.
Mackenzie Investments was founded in 1967 and has $60.7 billion in assets under management as at March 31, 2016.