TORONTO, Jan. 23, 2017 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) announced today the launch of an Emerging Markets Exchange Traded Fund (ETF) and mutual fund product based on the award-winning TOBAM investment process that offer investors enhanced diversification solutions. The launch expands the suite of smart beta ETFs and mutual funds managed by TOBAM.
The new ETF and mutual fund give investors a wider access to regional options with the potential to reduce risk concentration, and market bias, and improve risk-adjusted returns in emerging markets securities.
In partnership with TOBAM, an asset manager and index provider, Mackenzie Investments offers a proven methodology designed to protect portfolios from structural bias and unmanaged risks often found in cap-weighted indices. TOBAM was recognized last year with the prestigious "European Asset Management Company"* award from Funds Europe Awards for its innovative approach and the TOBAM methodology is supported by processes that have been patented across multiple jurisdictions1. The new Mackenzie Maximum Diversification Emerging Markets Index ETF (MEE) and Mackenzie High Diversification Emerging Markets Equity Fund provide investors with innovative options to invest in emerging markets with enhanced diversification.
"Our ETFs and mutual funds serve Canadian investors who are seeking solutions for enhanced diversification in their portfolios. Mackenzie ETFs and mutual funds are agile products that offer investors innovative choices for building diversified, long-term portfolios," said Barry McInerney, President and Chief Executive Officer of Mackenzie Investments.
"This new Maximum Diversification ETF expands the suite of offerings to offer choice and help investors aiming to achieve superior performance with lower risk over reasonable periods of time," said Michael Cooke, Senior Vice President and Head of Exchange Traded Funds at Mackenzie Investments.
The ETF is available for sale today and the mutual fund will follow on or around January 25.
"Being the exclusive provider of the TOBAM methodology to Canadian retail investors fits into our goal at Mackenzie Investments to offer innovative products that will help people meet their investment goals," said Michael Schnitman, Senior Vice President of Product for Mackenzie Investments.
The ETF will begin trading on the Toronto Stock Exchange today:
TSX: MEE: Mackenzie Maximum Diversification Emerging Markets Index ETF seeks to replicate, to the extent reasonably possible, the performance of the TOBAM Maximum Diversification Emerging Markets Index. It invests primarily in equity securities of emerging markets.
Mackenzie Investments Mutual Fund
The mutual fund is built with a core investment in the Mackenzie Maximum Diversification Emerging Markets Index ETF and may also invest in other ETFs, or in securities directly, from time to time for active risk management purposes.
For more information on Mackenzie Investment ETFs and mutual funds, visit www.mackenzieinvestments.com/tobam.
*: AuM below €20bn category
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $64.0 billion in assets under management as at December 31, 2016, 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 over $141 billion in total assets under management as at December 31, 2016. For more information, visit mackenzieinvestments.com.
1 U.S. Patent No. 7,958,038, Australia Patent No's. AU 2008202607, AU2011201025
SOURCE Mackenzie Financial Corporation
For further information: Court Elliott, VP Sponsorship, Philanthropy and PR, Mackenzie Investments, 416.967.2157, Court.Elliott@mackenzieinvestments.com