One foreign-focused fund is getting a risk-rating update
Mackenzie Investments has announced that it’s changing its risk rating for the Mackenzie Maximum Diversification US Index ETF from “low to medium” to “medium.”
The ETF, which is invested mainly in US equities, aims to track the performance of the TOBAM Maximum Diversification USA Index, or any index it’s replaced with.
The change was done to comply with the Canadian Securities Administrators’ (CSA) updated risk classification methodology. The previous risk rating was derived using a calculation based on a fund’s standard deviation, a method endorsed by the Canadian ETF Association (CETFA).
The investment objectives and underlying strategies of the fund will not be changed as a result of the updated risk rating. The fund is managed by Think Out of the Box Active Management (TOBAM), which is based in Paris.
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The ETF, which is invested mainly in US equities, aims to track the performance of the TOBAM Maximum Diversification USA Index, or any index it’s replaced with.
The change was done to comply with the Canadian Securities Administrators’ (CSA) updated risk classification methodology. The previous risk rating was derived using a calculation based on a fund’s standard deviation, a method endorsed by the Canadian ETF Association (CETFA).
The investment objectives and underlying strategies of the fund will not be changed as a result of the updated risk rating. The fund is managed by Think Out of the Box Active Management (TOBAM), which is based in Paris.
For more of Wealth Professional's latest industry news, click here.
Related stories:
Horizons announces changes to pot ETF
Financial services titan limits ETF commissions
