Mackenzie Investments partners with TOBAM to launch 2 ETFs

Mackenzie Investments has partnered with TOBAM, a Paris-based asset manager, to launch two smart-beta index ETFs.

TOBAM’s methodology is designed to protect portfolios from structural bias and unmanaged risks often found in cap-weighted indices, notes a release. Each index aims to create a more diversified portfolio relative to a market capitalization weighted benchmark across Canadian and U.S. markets.

The offering of the following two ETFs has closed, and they will begin trading on the TSX today.

MKC: Mackenzie Maximum Diversification Canada Index ETF seeks to replicate the performance of the TOBAM Maximum Diversification Canada Index, or any successor thereto. It invests primarily in Canadian equity securities.

MUS: Mackenzie Maximum Diversification US Index 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.

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