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Tuesday, October 15, 2024

Mackenzie launches 4 new ETFs, reopens entry to mutual funds

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  • Mackenzie Canadian Extremely Quick Bond Index ETF (QASH)
  • Mackenzie Canadian Authorities Lengthy Bond Index ETF (QLB)
  • Mackenzie US Authorities Lengthy Bond Index ETF (QTLT)

Administration charges are 0.15% for QASH and 0.18% for QLB and QTLT.

“These new choices search to assist buyers strategically alter their core mounted revenue positions to altering market and financial circumstances, whereas additionally producing funding revenue,” mentioned Prerna Mathews, VP, ETF Product Technique, Mackenzie Investments. “They will function an efficient portfolio diversifier and supply buyers with a great tool to assist handle rate of interest dangers.”

In the meantime, the Mackenzie All-Fairness Allocation ETF (MEQT) seeks to keep up a long-term strategic asset allocation of 100% fairness securities by investing in a diversified portfolio of Mackenzie index fairness ETFs. Will probably be managed by the agency’s Multi-Asset Methods Staff and can have a administration payment of 0.17%.

“We’re excited to increase our Asset Allocation line-up with the Mackenzie All-Fairness Allocation ETF. Designed to be a competitively priced, single-ticket core fairness resolution, the ETF may help buyers obtain their targets by minimizing the necessity – and related prices – of buying and selling a number of ETFs, in addition to making the rebalancing course of simpler,” added Mathews.

Mutual funds

Mackenzie has additionally introduced the lifting of the gentle cap it placed on two of its mutual fund choices on the finish of October 2020, which successfully re-opens entry for brand spanking new buyers.

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