New funds from Mackenzie

Toronto-based Mackenzie Financial Corp. has unveiled two mutual funds in partnership with Paris-based TOBAM Core Investments. Both Mackenzie High Diversification Canadian Equity Class Fund and Mackenzie High Diversification U.S. Equity Fund are managed with TOBAM’s investment methodology, which is meant to enhance diversification while simultaneously reducing biases and unmanaged risks in a portfolio. TOBAM selects stocks and their weights to reduce the correlations among individual holdings, thereby utilizing the investment-management principle that a portfolio with higher diversification has a higher risk-adjusted return than a less diversified portfolio. The new funds can invest directly in two recently launched Mackenzie ETFs – Mackenzie Maximum Diversification Canada Index ETF and Mackenzie Maximum Diversification US Index ETF – as well as in other ETFs or securities. For full fund details, including fees, visit www.mackenziefinancial.com.

(fcollie@investmentexecutive.com).