Investment manager unveils income growth solution and global green bond-focused fund
Mackenzie Investments has unveiled two new income-focused funds to expand its catalogue of mutual fund solutions.
“We're thrilled to be offering Canadian investors new, innovative solutions to achieve their investment goals, which sometimes include objectives beyond just investment returns," said Kristi Ashcroft, head of Product at Mackenzie Investments.
The first new offering, the Mackenzie Monthly Income Growth Portfolio, aims to provide long-term capital growth potential and a steady income stream with a diversified portfolio that’s designed to help mitigate downside risk.
Using both direct investments in securities and indirect investments through other investment funds and derivatives, the fund will seek exposure to Canadian and global equities, fixed income, and other asset categories. According to Ashcroft, the Mackenzie Monthly Income Growth Portfolio was designed primarily for retirees in the decumulation phase of investing.
Meanwhile, the Mackenzie Global Green Bond Fund is designed for income generation and potential long-term capital appreciation primarily through investments in fixed-income securities, specifically responsible and sustainable debt, issued from anywhere in the world.
Either directly or indirectly through other mutual funds or ETFs, the fund will make investments in labelled green bond funds and other debt instruments used to finance a greener future. It’s managed by the Mackenzie Fixed Income Team, whose proven in-house process focuses on fundamental research that includes analysis of ESG factors.
“Over the last year and a half, we've seen a steady increase in demand among Canadians for sustainable investing solutions,” said Fate Saghir, head of Sustainability at Mackenzie. “We're proud to be able to answer the call and expand our offering of sustainable funds.”
