Mackenzie Financial Corporation (Mackenzie Investments) has launched an emerging markets exchange traded fund (ETF) and mutual fund product based on the TOBAM investment process.
The launch expands the suite of smart beta ETFs and mutual funds managed by TOBAM.
The new ETF and mutual fund give investors a wider access to regional options with the potential to reduce risk concentration, and market bias, and improve risk-adjusted returns in emerging markets securities.
In partnership with TOBAM, an asset manager and index provider, Mackenzie Investments’ methodology is designed to protect portfolios from structural bias and unmanaged risks often found in cap-weighted indices.
The Mackenzie Maximum Diversification Emerging Markets Index ETF (MEE) and Mackenzie High Diversification Emerging Markets Equity Fund provide investors with options to invest in emerging markets with enhanced diversification.
"Our ETFs and mutual funds serve Canadian investors who are seeking solutions for enhanced diversification in their portfolios. Mackenzie ETFs and mutual funds are agile products that offer investors innovative choices for building diversified, long-term portfolios," says Barry McInerney, president and chief executive officer of Mackenzie Investments.
"This new Maximum Diversification ETF expands the suite of offerings to offer choice and help investors aiming to achieve superior performance with lower risk over reasonable periods of time," says Michael Cooke, senior vice president and head of exchange traded funds at Mackenzie Investments.
The ETF is available for sale today and the mutual fund will follow on or around 25 January.
"Being the exclusive provider of the TOBAM methodology to Canadian retail investors fits into our goal at Mackenzie Investments to offer innovative products that will help people meet their investment goals," says Michael Schnitman (pictured), senior vice president of product for Mackenzie Investments.