Mackenzie to wind up corporate class funds
The planned closure of Capitalcorp will affect 34 corporate class mutual funds
- By: IE Staff
- May 20, 2021 May 20, 2021
- 11:43
The planned closure of Capitalcorp will affect 34 corporate class mutual funds
The firm is discontinuing both options for its imaxx mutual funds at the end of June
Three new funds support global efforts tied to decarbonization and mitigating climate risk
The new funds invest in energy, alternative health and fixed income securities
The company also announced fee reductions for three other funds
Mackenzie Investments is the ETF's trustee and portfolio manager
Revised allocation to redeemers legislation appears in the 2021 budget implementation bill
The fund's carbon intensity is 40% less than that of the S&P/TSX Composite index, the firm says
Breaking down the strategies of Canadian funds shows a variety of approaches to generating lower-risk returns
The funds focus on emerging markets and market neutral strategies
The month saw 21 product launches, 14 of which were crypto funds
The products invest in companies that are making progress on mitigating climate change
The firm says the moves will reduce duplication in its fund lineup
Investors can more easily manage crypto risk with derivatives based on 1/10 of one Bitcoin
The changes follow Franklin Templeton's acquisition of Legg Mason last year
The fund offers exposure to six technology giants
One bond fund is being terminated and merged into an existing fund
The fund company also announced changes to the ETF's management fee
Units of the mutual fund are no longer available for purchase
The fund focuses on growth opportunities in the energy transition
The index firm added sustainability screens to its Dividend Aristocrats family
The fund invests in the CI Galaxy Ethereum ETF, which was launched last week
The ETF takes long and short positions in a variety of North American and global debt instruments
ALDAs would allow payment deferral to age 85