Toronto-based Mackenzie Financial Corp. has added four new mutual funds on Monday that cover the gamut of Canadian and international securities, with one fund focusing specifically on weathering volatile markets.
Mackenzie High Diversification Canadian Equity Class and Mackenzie High Diversification U.S. Equity Fund are two new funds whose securities are chosen based on Paris-based Tobam Core Investments’ investing process.
“Tobam’s proprietary methodology is a proven process for increasing the diversification of portfolio holdings to protect portfolios from structural bias and unmanaged risks often found in cap-weighted indices,” according to Mackenzie’s announcement.
Specifically, Mackenzie High Diversification Canadian Equity Class allows clients to invest in companies outside of Canada’s energy, materials and financials sectors. It is offered in a corporate-class structure. Meanwhile, Mackenzie High Diversification U.S. Equity Fund provides investors with access to the world’s largest stock market.
Both mutual funds invest in Mackenzie’s recently launched Maximum Diversification Index exchange-traded funds (ETF), which also incorporate Tobam’s proprietary investing process. The new mutual funds may also invest a portion of their assets in other ETFs or securities directly.
Mackenzie also launched its Ivy International Equity Fund, which seeks long-term capital growth by investing in companies that are expected to grow at above-average rates and are primarily located in three principal market regions: the U.K. and Europe; Asia and the Far East; and Australia and New Zealand.
Lastly, Mackenzie has released Mackenzie Global Low Volatility Fund, which is designed to help investors navigate volatile markets while maintaining global equity returns over the longer term.
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