Mackenzie Investments to Launch Active ETF on NEO
TORONTO–(BUSINESS WIRE)–Aequitas NEO Exchange Inc. (“NEO Exchange” or “NEO”) is pleased to
announce that Mackenzie Financial Corporation (“Mackenzie Investments”)
plans to launch a fixed income ETF on NEO, and has received final
approval from NEO and Canadian securities regulators. This is the fifth
fund in Mackenzie Investment’s series of active fixed income ETFs to be
launched on the public markets and the first to be launched on NEO. This
ETF offers investors another option in building long-term, diversified
portfolios.
“We are proud to list our new fixed income product on NEO and continue
to provide the best offerings to Canadian advisors, helping them meet
the needs of their investing clients,” said Michael Cooke, Senior Vice
President and Head of Exchange Traded Funds at Mackenzie Investments.
“This new ETF complements our robust and innovative fund line-up, and
the active management allows investors to benefit from our deep fund
management expertise, with the structural benefits not available in
other investment vehicles.”
Mackenzie Investments has received final regulatory and NEO approval for
the Mackenzie Global High Yield Fixed Income ETF (MHYB), and is
expected to begin trading in April 2017. The new ETF seeks to provide a
steady flow of income with the potential for long-term capital growth to
help meet cash-flow and investment goals. It offers investors another
option in building long-term, diversified portfolios. The manager
applies disciplined criteria including rigorous credit analysis, ongoing
assessment of relative and absolute valuations to help uncover the most
attractive risk-adjusted opportunities within the high yield asset class.
“We have been observing the efficiencies and competition NEO has brought
to the Canadian ETF space and are impressed by their liquidity and
top-notch execution,” continued Mr. Cooke. “NEO’s exceptional support,
service and depth of knowledge will play a key role in bringing this
innovative product to a broader audience. We have been awaiting this
launch with enthusiasm and look forward to strengthening our partnership
with NEO.”
“At NEO, we are dedicated to accomplishing real change that will benefit
companies, investment products and investors alike. We embody the
passion and patience required to innovate and enhance the Canadian
capital markets, and it is clear that Mackenzie Investments shares this
passion,” stated Jos Schmitt, President and CEO, NEO Exchange. “We are
proud to solidify this significant partnership today as it serves to
validate our innovative solutions which are levelling the playing field
and ensuring the necessary liquidity required for public companies and
listed products to succeed.”
Mackenzie Investments becomes the fifth ETF provider to list on NEO.
Their new listing joins 13 ETFs, representing 29 symbols, which began
trading on NEO in 2016 and 2017, bringing the total number of NEO ETF
listings to 30. For a complete view of NEO listings, please visit:
https://aequitasneoexchange.com/en/listings/neo-listings-directory-info/
Mackenzie Investments has filed a final prospectus containing
important information relating to the Mackenzie Global High Yield Fixed
Income ETF with the securities regulatory authorities in each of the
provinces and territories of Canada. Copies of the prospectus and
summary document are available at sedar.com. The ETF is expected to be
available for sale April 26. Investors should read the prospectus and
any amendment, especially risk factors relating to the securities
offered, before making an investment decision.
IGM Financial Inc., which indirectly owns Mackenzie Investments, is a
shareholder of Aequitas Innovations Inc., the parent company of NEO.
About Mackenzie Investments
Mackenzie Investments was
founded in 1967, and is a leading investment management firm providing
investment advisory and related services. With $66.3 billion in assets
under management as of March 31, 2017, Mackenzie Investments distributes
its investment services through multiple distribution channels to both
retail and institutional investors. Mackenzie Investments is a member of
the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is
one of Canada’s premier financial services companies with $147 billion
in total assets under management as of March 31, 2017. For more
information, visit mackenzieinvestments.com.
About NEO Exchange
Aequitas NEO Exchange Inc. is a new
Canadian stock exchange using a bold new blueprint that puts investors,
businesses looking to raise capital and dealers first. Launched in March
2015, the NEO Exchange currently offers an innovative trading venue and
a value added listing venue for capital raising companies and investment
products. The NEO Exchange is a wholly owned subsidiary of Aequitas
Innovations Inc., a company founded by a diverse group of prominent
investors representative of all Canadian capital market stakeholders.
For more information, please visit: www.aequitasNEOexchange.com.
Join us on social media: twitter
| linkedin
| facebook
Contacts
Media Contact:
Smithcom
Adam Bornstein, 905.505.2540
adam.bornstein@smithcom.ca
