TORONTO, June 12, 2017 /CNW/ - Mackenzie Financial Corporation (Mackenzie Investments) announced today a reclassification of the Mackenzie Maximum Diversification US Index ETF risk rating from "Low to Medium" to "Medium".
The ETF seeks to replicate the performance of the TOBAM Maximum Diversification USA Index, or any successor thereto. It invests primarily in U.S. equity securities.
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 Maximum Diversification US Index 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 $68.00 billion in assets under management as of May 31, 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 $150 billion in total assets under management as of May 31, 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