TORONTO, Sept. 7, 2016 /CNW/ - Broadening its suite of smart beta ETFs and mutual funds, Mackenzie Financial Corporation (Mackenzie Investments) announced today the launch of three Exchange Traded Funds (ETFs) and three new mutual fund products based on an award-winning investment process that offer investors enhanced diversification solutions.
The new ETFs and mutual funds give investors the potential to reduce risk concentration, and market bias, and improve risk-adjusted returns.
In partnership with TOBAM, an asset manager and index provider, Mackenzie Investments offers exclusively through its mutual funds and ETFs, a proven methodology designed to protect portfolios from structural bias and unmanaged risks often found in cap-weight indices. TOBAM has been recognized with industry awards for its innovative approach and the TOBAM methodology is supported by processes that have been patented across multiple jurisdictions1. The new Mackenzie ETFs and mutual funds provide investors with innovative options to invest with broad geographic diversification, including the US, Europe and Asia.
"Investors are looking for solutions that enhance diversification and offer exposure beyond the Canadian borders and we are pleased to be the exclusive provider of this methodology to retail investors in Canada. 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.
"We are committed to offering products that provide innovative solutions which include our active fixed income ETFs and the Canadian and US smart beta ETFs listed in Canada earlier this year. These new maximum diversification ETFs broaden that 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 mutual funds will be available for sale September 8.
"At Mackenzie Investments, we strive to offer innovative products that can help Canadians meet their investment goals. These products, designed to be core holdings and incorporating active currency management, work well for Canadian retail investors who are seeking better diversification to potentially outperform benchmarks," said Michael Schnitman, Senior Vice President of Product for Mackenzie Investments.
The offering of the following three ETFs has closed, and they will begin trading on the Toronto Stock Exchange today:
TSX: MWD Mackenzie Maximum Diversification All World Developed Index ETF offers long-term capital growth by investing in equity securities of developed world markets.
TSX: MXU Mackenzie Maximum Diversification All World Developed ex North America Index ETF offers long-term capital growth by investing in equity securities located in developed world markets excluding North America.
TSX: MEU Mackenzie Maximum Diversification Developed Europe Index ETF: offers long-term capital growth by investing in equity securities of developed European markets.
Mackenzie Investments Mutual Funds
The mutual funds are built with a core investment to the Mackenzie Maximum Diversification Index ETFs and may also invest in other ETFs, or in securities directly, from time to time for active risk management purposes:
Mackenzie High Diversification Global Equity Fund: Provides investors with the broadest geographic diversification possible by investing in markets around the world.
Mackenzie High Diversification International Equity Fund: Gives investors access to developed markets outside of North America.
Mackenzie High Diversification European Equity Fund: Offers opportunities for clients to benefit from the recovery and growth of Europe's economy.
For more information on Mackenzie Investment ETFs and mutual funds, visit www.mackenzieinvestments.com/tobam.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $63.9 billion in assets under management as at August 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 $139 billion in total assets under management as at August 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 Investments
For further information: Trish Tervit, Director, Communications and Media Relations, Mackenzie Investments, 416-967-2166, [email protected]