Mackenzie Investments is portfolio manager of the responsible investing funds
New fund is inspired by research from aging expert Joseph Coughlin
The firm adds several other funds to its ETF shelf
But net sales were stronger for mutual funds, IFIC data shows
The new product targets a low correlation to equity and traditional income
The self-regulatory organization issued new guidance for dealers' sales practices
Redemptions will continue to be accepted
ETF growth is building proxy power for passive managers
The fund targets 75% of the S&P 500’s float market capitalization
ETFs focused on narrow themes can offer diversification, growth or a hedge against index funds