Toronto-based Mackenzie Financial Corp. also has introduced three liquid alts. Mackenzie Credit Absolute Return Fund aims to deliver a positive total return over a rolling five-year period by investing in fixed-income securities; Mackenzie Global Macro Fund takes long and short positions in equities, fixed-income, commodities and/or currencies; and Mackenzie Global Long/Short Equity Alpha Fund takes long and short positions in equities issued by global companies. Michael Schnitman, senior vice president, product, at Mackenzie Investments, says that liquid alts’ diversification and lower correlation to the markets provide investors with “improved portfolio stability with less reliance on market direction.” Management fees are 1.55%-2.25%.