At Mackenzie Financial, there's no "spaghetti cannon" creating all kinds of new products just to see what sticks
Mackenzie Global High Yield Fixed Income ETF aims to provide a steady income stream “with the potential for long-term capital growth”
The company has introduced seven new ETFs to the market while Mackenzie has reclassified the risk rating for one of its ETFs
The company is also shifting qualified investors into its private wealth series automatically so that they can take advantage of lower fees
Both products will be based on TOBAM Core Investments' investing process, which is designed to protect portfolios from structural bias and unmanaged risks
Five of the asset-management firm’s most popular mutual funds can now be used within RDSPs
Both firms will acquire an additional 3.9% equity interest each in the Chinese asset manager for $179 million, increasing both companies’ stakes in the firm
The firm is acquiring a stake in China AMC, which had $215 billion in AUM and an annual compound growth rate of 40% in the past five years
Management fees and trailing commissions to fall
Three Symmetry Portfolio products will see a decrease to their fees and compensation while 20 funds will have no changes to their fees and an increase to their compensation