Mackenzie adds more ETFs and mutual funds to lineup

Mackenzie Investments is opening three new ETFs and three new mutual funds.

The funds give investors the potential to reduce risk concentration, and market bias, and improve risk-adjusted returns.

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Working with TOBAM, the funds are designed to protect portfolios from the structural bias and unmanaged risks often found in cap-weight indices. The funds have geographic diversification in the U.S., Europe and Asia.

The mutual funds will be available for sale September 8, and the ETFs start trading on the Toronto Stock Exchange today:

Mackenzie Maximum Diversification All World Developed Index ETF (TSX: MWD) seeks to provide long-term capital growth by investing in equity securities of developed world markets.

Mackenzie Maximum Diversification All World Developed ex-North America Index ETF (TSX: MXU) seeks to provide long-term capital growth by investing in equity securities located in developed world markets excluding North America.

Mackenzie Maximum Diversification Developed Europe Index ETF (TSX: MEU) seeks to provide long-term capital growth by investing in equity securities of developed European markets.

Read: Mackenzie investments consolidates PM roster

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 broad geographic diversification by investing in markets around the world.

Mackenzie High Diversification International Equity Fund: Gives investors access to developed markets outside North America.

Mackenzie High Diversification European Equity Fund: Offers opportunities for clients to benefit from the recovery and growth of Europe’s economy.

Read: Yet another ETF player starts trading

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.