Mackenzie offers multi-asset fund with crypto exposure

Toronto-based Mackenzie Investments launched the Mackenzie Maximum Diversification Global Multi-Asset Fund on Thursday.

The fund provides investors with exposure to global equity and fixed-income securities, ranging between 40% to 60% allocation, as well as a maximum allocation of 10% exposure to cryptocurrency through both Bitcoin and Ethereum ETFs initially, a release said. The fixed-income allocation is focused on investment-grade and high-yield credit.

The launch expands Mackenzie’s “Maximum Diversification” suite offered in partnership with subadvisor TOBAM, a Paris-based asset management firm.

“We know many Canadians are interested in adding digital assets to their portfolios, yet may feel they don’t have the needed expertise in this area,” said Kristi Ashcroft, head of product with Mackenzie Investments, in the release. “Mackenzie is thrilled to help by leveraging our relationship with the expert team at TOBAM to offer Canadians this unique investment opportunity.”

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