TORONTO, April 3, 2017 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) announced that, effective today, the risk rating for Mackenzie Core Plus Global Fixed Income ETF (TSX: MGB) changed from "Medium to Low" to "Low".
This change results from compliance with the Canadian Securities Administrators' updated Risk Classification Methodology (December 2016). Previously, the ETF's risk rating was determined using a standard deviation based calculation sanctioned by the Canadian ETF Association.
There are no changes to the investment objectives or strategies of Mackenzie Core Plus Global Fixed Income ETF associated with its new risk rating.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $65.6 billion in assets under management as of February 28, 2017, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with $145 billion in total assets under management as of February 28, 2017. For more information, visit mackenzieinvestments.com.
SOURCE Mackenzie Financial Corporation
For further information: Trish Tervit, Director, Communications and Media Relations, Mackenzie Investments, 416-967-2166, firstname.lastname@example.org