TORONTO--(BUSINESS WIRE)--Aequitas NEO Exchange Inc. (“NEO Exchange” or “NEO”) is pleased to announce that Mackenzie Financial Corporation (“Mackenzie Investments”) plans to launch a fixed income ETF on NEO, and has received final approval from NEO and Canadian securities regulators. This is the fifth fund in Mackenzie Investment’s series of active fixed income ETFs to be launched on the public markets and the first to be launched on NEO. This ETF offers investors another option in building long-term, diversified portfolios.
“We are proud to list our new fixed income product on NEO and continue to provide the best offerings to Canadian advisors, helping them meet the needs of their investing clients,” said Michael Cooke, Senior Vice President and Head of Exchange Traded Funds at Mackenzie Investments. “This new ETF complements our robust and innovative fund line-up, and the active management allows investors to benefit from our deep fund management expertise, with the structural benefits not available in other investment vehicles.”
Mackenzie Investments has received final regulatory and NEO approval for the Mackenzie Global High Yield Fixed Income ETF (MHYB), and is expected to begin trading in April 2017. The new ETF seeks to provide a steady flow of income with the potential for long-term capital growth to help meet cash-flow and investment goals. It offers investors another option in building long-term, diversified portfolios. The manager applies disciplined criteria including rigorous credit analysis, ongoing assessment of relative and absolute valuations to help uncover the most attractive risk-adjusted opportunities within the high yield asset class.
“We have been observing the efficiencies and competition NEO has brought to the Canadian ETF space and are impressed by their liquidity and top-notch execution,” continued Mr. Cooke. “NEO’s exceptional support, service and depth of knowledge will play a key role in bringing this innovative product to a broader audience. We have been awaiting this launch with enthusiasm and look forward to strengthening our partnership with NEO.”
“At NEO, we are dedicated to accomplishing real change that will benefit companies, investment products and investors alike. We embody the passion and patience required to innovate and enhance the Canadian capital markets, and it is clear that Mackenzie Investments shares this passion,” stated Jos Schmitt, President and CEO, NEO Exchange. “We are proud to solidify this significant partnership today as it serves to validate our innovative solutions which are levelling the playing field and ensuring the necessary liquidity required for public companies and listed products to succeed.”
Mackenzie Investments becomes the fifth ETF provider to list on NEO.
Their new listing joins 13 ETFs, representing 29 symbols, which began
trading on NEO in 2016 and 2017, bringing the total number of NEO ETF
listings to 30. For a complete view of NEO listings, please visit:
Mackenzie Investments has filed a final prospectus containing important information relating to the Mackenzie Global High Yield Fixed Income ETF with the securities regulatory authorities in each of the provinces and territories of Canada. Copies of the prospectus and summary document are available at sedar.com. The ETF is expected to be available for sale April 26. Investors should read the prospectus and any amendment, especially risk factors relating to the securities offered, before making an investment decision.
IGM Financial Inc., which indirectly owns Mackenzie Investments, is a shareholder of Aequitas Innovations Inc., the parent company of NEO.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $66.3 billion in assets under management as of March 31, 2017, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail and institutional investors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with $147 billion in total assets under management as of March 31, 2017. For more information, visit mackenzieinvestments.com.
About NEO Exchange
Aequitas NEO Exchange Inc. is a new Canadian stock exchange using a bold new blueprint that puts investors, businesses looking to raise capital and dealers first. Launched in March 2015, the NEO Exchange currently offers an innovative trading venue and a value added listing venue for capital raising companies and investment products. The NEO Exchange is a wholly owned subsidiary of Aequitas Innovations Inc., a company founded by a diverse group of prominent investors representative of all Canadian capital market stakeholders. For more information, please visit: www.aequitasNEOexchange.com.