Toronto-based Mackenzie Financial Corp. has chosen CIBC Mellon, also of Toronto, to be the asset-servicing provider for its recently launched exchange-traded funds (ETF) lineup.

CIBC Mellon, which is owned jointly by Toronto-based Canadian Imperial Bank of Commerce (CIBC) and New York-based Bank of New York Mellon Corp., will provide custody, ETF servicing and investment information delivery for Mackenzie Core Plus Global Fixed Income ETF, Mackenzie Unconstrained Bond ETF, Mackenzie Floating Rate Income ETF and Mackenzie Core Plus Canadian Fixed Income ETF.

“We are proud to support Mackenzie Investments as it enters Canada’s fast-growing ETF market with its new line of active fixed-income ETFs,” says Ronald Landry, executive director of ETFs and investment funds with CIBC Mellon, in a statement released Tuesday. “We look forward to servicing Mackenzie as they grow their offerings and work to meet the evolving needs of investors in Canada.”

Mackenzie officially entered the Canadian ETF market in April with the launch of the four actively managed, fixed-income ETFs. It also filed preliminary prospectus documents for an additional six ETFs in April.

“It is our priority to deliver high-quality products to investors and advisors and to actively anticipate their future needs,” says Michael Cooke, senior vice president and head of ETFs at Mackenzie. “We are pleased to select CIBC Mellon as our asset servicing provider based on their knowledge of the Canadian market, their stability as a Canadian leader in custody and ETF servicing, and their strong commitment to client service.”

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