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Mackenzie Investments is simplifying its pricing structure and reducing fees, the investment management firm said Friday in a release.

The firm is lowering prices on 13 ETFs. Management fees will be reduced by 0.01% to 0.16%, effective today. 

“Our suite of Index ETFs provides investors with effective and versatile building blocks for a diversified portfolio,” said Michael Cooke, Mackenzie’s senior vice-president and head of ETFs.