Nine offerings and two USD ETF series span three key areas of premium beta, asset allocation, and alternatives
Mackenzie Investments is expanding its extensive suite of Canada-listed ETFs even further with the launch of nine new ETFs and two U.S. dollar-denominated ETF series on the TSX.
“We're excited to be adding to our existing lineup of ETF solutions made for Canadians, by Canadians,” said Mackenzie Senior Vice-President and Head of ETFs Michael Cooke. “Canadian domiciled ETFs can provide numerous advantages, including potential tax efficiencies and an ability to more effectively address the often-unique needs of local investors.”
The new ETFs encompass three key areas, including premium beta, asset allocation, and alternatives.
Three of the ETFs – the Mackenzie U.S. Aggregate Bond Index ETF CAD-Hedged (QUB), Mackenzie Developed ex-North America Aggregate Bond Index ETF CAD-Hedged (QDXB), and the Mackenzie Developed Markets Real Estate Index ETF (QRET) – have been launched on the TSX.
The asset-allocation ETFs, expected to come out on September 29, include:
- Mackenzie Global Fixed Income Allocation ETF (MGAB);
- Mackenzie Balanced Allocation ETF (MBAL);
- Mackenzie Conservative Allocation ETF (MCON); and
- Mackenzie Growth Allocation ETF
Four other ETF products are expected to launch on September 30:
- Mackenzie Global Infrastructure Index ETF (QINF);
- Mackenzie Global Sustainable Dividend Index ETF, CAD units (MDVD);
- Mackenzie Global Sustainable Dividend Index ETF, USD units (MDVD.U); and
- Mackenzie US Large Cap Equity Index ETF, USD Units (QUU.U)
The US Large Cap Equity Index ETF has an announced management fee of 006%. The other ETFs sit at a higher management fee price-point, ranging from 0.15% to 0.40%.
“We're committed to providing Canadian investors and financial advisors with simple, effective building blocks to help them construct diversified portfolios,” Cooke said, noting the new ETFs’ abilty to address current investors’ needs such as access to cost-effective and potential tax efficient solutions, as well as diversification toward sectors such as real estate and infrastructure.
With the new offerings, Mackenzie is expanding its suite of ETFs to include 41 Canadian-listed ETFs spanning active, strategic beta, and index solutions. Since its inception just over four years ago, the firm’s ETF business has grown to more than $7.5 billion in AUM.
