Toronto-based Mackenzie Financial Corp. Wednesday introduced the Mackenzie Global Tactical Investment Grade Bond Fund.
Mackenzie says the new product is differentiated in the Canadian market in that it maintains an overall average credit quality of A- or higher, while employing a distinctive approach to find the best value for risk across the global fixed income universe.
“The fund’s broad geographical strategy helps investors generate income and capital growth by finding global opportunities that offer the best risk-adjusted returns,” says Michael Schnitman, senior vice president, product. “We use our research insights to understand the global macro landscape and conduct thorough credit research to select the best securities. This approach allows investors to diversify their exposure to different interest rate and economic cycles while maintaining high quality investments.”
Managed by the Mackenzie fixed income team’s portfolio managers Konstantin Boehmer and Felix Wong, the new fund aims to generate income by investing primarily in a diversified portfolio of investment-grade fixed income securities issued by companies or governments of any size, anywhere in the world.
Boehmer provides a global perspective that is enhanced by fundamental and quantitative/technical investment analysis. Wong’s 27 years of investment experience will bring an added level of research and investment proficiency to identify global opportunities, Mackenize says.
Mackenzie is a member of the IGM Financial Inc. (TSX: IGM) group of companies.