Mackenzie Investments is planning to launch a fixed income ETF on NEO Exchange and has received final approval from NEO and Canadian securities regulators.
This is the fifth fund in Mackenzie Investment’s series of active fixed income ETFs to be launched on the public markets and the first to be launched on NEO.
The ETF offers investors another option in building long-term, diversified portfolios.
“We are proud to list our new fixed income product on NEO and continue to provide the best offerings to Canadian advisors, helping them meet the needs of their investing clients,” says Michael Cooke, senior vice president and head of exchange traded funds at Mackenzie Investments. “This new ETF complements our robust and innovative fund line-up, and the active management allows investors to benefit from our deep fund management expertise, with the structural benefits not available in other investment vehicles.”
Mackenzie Investments has received final regulatory and NEO approval for the Mackenzie Global High Yield Fixed Income ETF (MHYB), and is expected to begin trading on 26 April. The new ETF seeks to provide a steady flow of income with the potential for long-term capital growth to help meet cash-flow and investment goals. It offers investors another option in building long-term, diversified portfolios. The manager applies disciplined criteria including rigorous credit analysis, ongoing assessment of relative and absolute valuations to help uncover the most attractive risk-adjusted opportunities within the high yield asset class.
“We have been observing the efficiencies and competition NEO has brought to the Canadian ETF space and are impressed by their liquidity and top-notch execution,” says Cooke. “NEO’s exceptional support, service and depth of knowledge will play a key role in bringing this innovative product to a broader audience. We have been awaiting this launch with enthusiasm and look forward to strengthening our partnership with NEO.”
“At NEO, we are dedicated to accomplishing real change that will benefit companies, investment products and investors alike. We embody the passion and patience required to innovate and enhance the Canadian capital markets, and it is clear that Mackenzie Investments shares this passion,” says Jos Schmitt, president and CEO, NEO Exchange. “We are proud to solidify this significant partnership today as it serves to validate our innovative solutions which are levelling the playing field and ensuring the necessary liquidity required for public companies and listed products to succeed.”