Mackenzie Investments Expands ETF Lineup with Value-Based and Diversifying Portfolio Solutions
Executive Summary
- Mackenzie Investments announced the launch of four new exchange‑traded funds (ETFs) that began trading on the Toronto Stock Exchange today.
- The ETFs target value and growth strategies across global, U.S., and balanced equity/fixed‑income exposures, each with management fees ranging from 0.70% to 0.80%.
- Sub‑advisors include Barrow Hanley Global Investors and Putnam Investments, bringing decades of investment expertise to the new products.
Key Details
- ETF Names & Symbols
- Mackenzie Global Value ETF – MAGV (Management fee: 0.80%)
- Mackenzie US Value ETF – MAUV (Management fee: 0.80%)
- Mackenzie GQE Global Balanced ETF – MBQG (Management fee: 0.70%)
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Mackenzie US All Cap Growth ETF – MAUG (Management fee: 0.80%)
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Strategic Focus
- MAGV: Sub‑advised by Barrow Hanley; seeks undervalued quality companies in developed and emerging markets.
- MAUV: Sub‑advised by Putnam; targets high‑quality U.S. firms with strong cash flows and attractive valuations.
- MBQG: Managed internally; invests in underlying ETFs to provide equity exposure combined with diversified fixed‑income across global markets.
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MAUG: Sub‑advised by Putnam; aims for long‑term capital appreciation through U.S. companies positioned for above‑average growth across multiple sectors (technology, industrials, health care, consumer discretionary).
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Management Commentary
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Prerna Mathews, VP Product Innovation & Development, highlighted the “compelling opportunities for value investing” and the “active ETF solutions that address evolving portfolio needs.”
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Trading Commencement
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All four ETFs have completed their initial offering periods and commenced trading on the TSX as of the announcement date.
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Fees & Expenses
- Management fees range from 0.70% to 0.80%; investors are reminded to review prospectuses for full fee structures, brokerage costs, and associated expenses.
Notable Quotes
“We believe the current economic environment presents compelling opportunities for value investing, and both MAGV and MAUV provide access to seasoned teams with decades of investment expertise,” – Prerna Mathews, Vice President, Product Innovation and Development, Mackenzie Investments.
“Both MBQG and MAUG aim to address the evolving needs of modern portfolios by leveraging Mackenzie's active management capabilities amid the rise of active ETFs,” – Prerna Mathews, Mackenzie Investments.