- Mackenzie World Low Volatility ETF and Mackenzie World
Low Volatility Fund offer downside mitigation with actively
managed, global core portfolio mandate
- Mackenzie Shariah Global Equity Fund provides access to
global shariah-compliant equities
TORONTO, Feb. 20,
2024 /CNW/ - Mackenzie Investments ("Mackenzie")
today announced the launch of three new investment solutions: the
Mackenzie World Low Volatility ETF (the "ETF") and the Mackenzie
World Low Volatility Fund, available to investors today, and the
Mackenzie Shariah Global Equity Fund, which will be available
Thursday, February 22, 2024. The ETF
and Mackenzie Shariah Global Equity Fund are managed by the
Mackenzie Global Quantitative Equity Team ("the Team"). The
Mackenzie World Low Volatility Fund will invest in the ETF.
Mackenzie World Low Volatility ETF
and Mackenzie World Low Volatility Fund
The Mackenzie World Low Volatility ETF and Mackenzie World Low
Volatility Fund seek to minimize downside risk and lower volatility
over a market cycle, relative to the broader market. The Team
leverages a quantitative investment process based on a proprietary
stock selection model, constructing a risk-optimized portfolio of
mid- to large-cap companies diversified across global developed
markets and sectors.
"We're excited to offer Canadian investors a core solution
that can help minimize portfolio risks associated with cyclical
market volatility," said Kristi
Ashcroft, Executive Vice President, Products &
Solutions, Mackenzie Investments. "Low volatility strategies can
help give investors confidence to stay true to their financial
plans by reducing the temptation to exit the market during
downturns."
The initial offering of the ETF has closed, and it will begin
trading today on the TSX under the ticker symbol MWLV.
Mackenzie Shariah Global Equity
Fund
The Mackenzie Shariah Global Equity Fund provides access to
global, shariah-compliant investing opportunities certified by
Ratings Intelligence, an external, world-class shariah advisory
firm.
Actively managed with a risk-aware investment approach by the
Team, the Mackenzie Shariah Global Equity Fund will invest
primarily in global market equities that do not generally derive
their income from industries that include alcohol, tobacco,
pork-related products, weapons and defense, conventional banking,
conventional insurance companies and adult entertainment. It will
be reviewed on a semi-annual basis by an external Shariah Advisory
Board from Ratings Intelligence to help ensure ongoing compliance
and certification.
"We're proud to offer Canadians the opportunity to align their
investments with their faith and values through the Mackenzie
Shariah Global Equity Fund. This is the latest example of our focus
on evolving our product shelf to deliver a diverse range of
investment solutions led by our award-winning investment management
teams," added Ms. Ashcroft.
About Mackenzie
Investments
Mackenzie Investments ("Mackenzie") is a leading investment
management firm with $196.1 billion
in assets under management as of January
31, 2023. Mackenzie provides investment solutions and
related services to more than one million retail and institutional
clients through multiple distribution channels. Founded in 1967,
Mackenzie is a global asset manager with offices across
Canada as well as in Boston, Dublin, London, Hong
Kong and Beijing. Mackenzie
is a member of IGM Financial Inc. (TSX: IGM), one of Canada's premier financial services companies
with approximately $241 billion in
total assets under management as of January
31, 2023. For more information, visit
mackenzieinvestments.com.
SOURCE Mackenzie Investments