Toronto-based Mackenzie Financial Corp. is launching an actively managed, fixed-income ETF on the Aequitas NEO Exchange around April 26.

Mackenzie Global High Yield Fixed Income ETF, which has secured both regulatory and NEO approval, aims to provide a steady income stream “with the potential for long-term capital growth,” according to the firm’s statement.

A credit analysis, along with an ongoing assessment of relative and absolute valuations, will guide the management of this ETF.

This addition is the first among five active, fixed-income ETFs to be launched on the NEO exchange. Mackenzie joins four other ETF issuers to list securities on the exchange, which made its debut in March 2015.

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