Mackenzie looks to emerging markets

Toronto-based Mackenzie Financial Corp. has launched an ETF and a mutual fund focusing on emerging markets. Both funds will be managed by TOBAM, an employee-owned, Paris-based asset-management firm. Mackenzie Maximum Diversification Emerging Markets Index ETF looks to replicate the performance of TOBAM maximum diversification emerging markets index. Mackenzie High Diversification Emerging Markets Equity Fund, meanwhile, will invest primarily in the emerging-market ETF, although it may also invest in other ETFs or securities on occasion. Advisor commissions for the mutual fund’s front-end sales are 0%-5%, 3.5% for deferred sales or 1.5% for the low-load option. Redemption fees begin at 5.5% in Year 1 and end at zero after Year 7 for the regular DSC schedule; or begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule. Trailing commissions are 1% for front-end sales, 0.5% for the first seven years of deferred sales and 1% thereafter, and 0.5% for the first three years of low-load sales and 1% thereafter. Management fees are 1.6% for A-class units and 0.6% for F-class units. Minimum investment is $500.

(fcollie@investmentexecutive.com).