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Mackenzie Investments launches active ETFs with suite of fixed income solutions


Mackenzie Financial Corporation has launched four fixed income exchange traded funds (ETFs) – Mackenzie Core Plus Global Fixed Income ETF (MGB), the Mackenzie Unconstrained Bond ETF (MUB), the Mackenzie Floating Rate Income ETF (MFT), and the Mackenzie Core Plus Canadian Fixed Income ETF (MKB).

The addition of these active ETFs complements Mackenzie Investments broad and innovative fund line-up. This launch reflects Mackenzie Investments investor-focused vision to provide advisors and investors with new solutions to drive investor outcomes and achieve their personal goals.

"This is a good day for Canadians who are seeking financial success and confidence through a variety of investment solutions. Our active ETFs extend our commitment to bring the best offerings to advisors and help them meet investors' needs," says Jeff Carney, President and Chief Executive Officer of Mackenzie Investments. "These ETFs provide the innovation you would expect from Mackenzie Investments in a product that delivers our asset management expertise to a broader audience."

The four fixed income ETFs, which will trade on the Toronto Stock Exchange, offer investors another investment option to utilise in building long-term diversified portfolios. Each ETF takes a different approach to generate stable risk-adjusted returns for investors in the fixed income markets. The active management of the ETFs allows investors to benefit from the fund management expertise at Mackenzie Investments.

"By launching the Mackenzie ETFs, we are delivering solutions to investors and advisors that offer the benefits of portfolio manager expertise plus structural benefits not available in other investment vehicles," says Michael Cooke, Senior Vice President and Head of Exchange Traded Funds at Mackenzie Investments. "We look forward to sharing our next launch in the near future."

The suite of ETFs will be managed by the Mackenzie Fixed Income Team, led by Steve Locke, Senior Vice President and Portfolio Manager:

Mackenzie Core Plus Global Fixed Income ETF seeks to generate income, with an emphasis on capital preservation, by investing primarily in investment-grade fixed income securities denominated in Canadian or foreign currencies that are issued by companies or governments.

Mackenzie Unconstrained Bond ETF seeks to provide a positive total return over a market cycle, regardless of market conditions, by investing primarily in fixed income securities of issuers anywhere in the world and in derivative instruments.

Mackenzie Floating Rate Income ETF seeks to generate current income by investing primarily in floating rate debt instruments and/or high yield debt securities of issuers located anywhere in the world.

Mackenzie Core Plus Canadian Fixed Income ETF seeks to provide a steady flow of income by investing primarily in investment-grade Canadian government and corporate fixed income instruments and asset-backed securities with maturities of more than one year.

Units of the ETFs have begun trading on the Toronto Stock Exchange. Mackenzie Investments has closed the initial offering with the designated broker of the ETFs.

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