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Mackenzie makes big push in China

Both firms now each hold a 13.9% stake in the fund company, which had $232 billion in AUM and 40 million retail clients at the end of 2016

  • By: Leah Golob
  • August 31, 2017 December 19, 2017
  • 11:00

The change to Mackenzie Maximum Diversification US Index ETF’s risk profile is to comply with the CSA’s new risk classification methodology

The two mutual funds and one ETF seek to generate income from corporate and government bonds, dividend stocks, preferred shares, among others

At Mackenzie Financial, there's no "spaghetti cannon" creating all kinds of new products just to see what sticks

Mackenzie Global High Yield Fixed Income ETF aims to provide a steady income stream “with the potential for long-term capital growth”

Transition to shorter T+2 settlement now underway

The company has introduced seven new ETFs to the market while Mackenzie has reclassified the risk rating for one of its ETFs

The company is also shifting qualified investors into its private wealth series automatically so that they can take advantage of lower fees

Both products will be based on TOBAM Core Investments' investing process, which is designed to protect portfolios from structural bias and unmanaged risks

BMO extends partnership with non-profit to raise awareness of RDSPs

Five of the asset-management firm’s most popular mutual funds can now be used within RDSPs

Power Corp. and Mackenzie increase stake in China AMC

Both firms will acquire an additional 3.9% equity interest each in the Chinese asset manager for $179 million, increasing both companies’ stakes in the firm