Mackenzie Financial Corporation has launched four fixed-income ETFs, which will trade on the Toronto Stock Exchange.
Each ETF takes a different approach to generate stable risk-adjusted returns for investors in the fixed-income markets, says the firm in a release.
The suite of ETFs will be managed by the Mackenzie Fixed Income Team.
Mackenzie Core Plus Global Fixed Income ETF (TSX:MGB) seeks to generate income, with an emphasis on capital preservation, by investing primarily in investment-grade fixed income securities denominated in Canadian or foreign currencies that are issued by companies or governments.
Mackenzie Unconstrained Bond ETF (TSX:MUB) seeks to provide a positive total return over a market cycle, regardless of market conditions, by investing primarily in fixed income securities of issuers anywhere in the world and in derivative instruments.
Mackenzie Floating Rate Income ETF (TSX:MFT) seeks to generate current income by investing primarily in floating rate debt instruments and/or high yield debt securities of issuers located anywhere in the world.
Mackenzie Core Plus Canadian Fixed Income ETF (TSX:MKB) seeks to provide a steady flow of income by investing primarily in investment-grade Canadian government and corporate fixed income instruments and asset-backed securities with maturities of more than one year.