CIBC Mellon has been selected by Mackenzie Financial Corporation to be an asset provider for four new active fixed-income exchange traded funds.
CIBC Mellon will provide custody, ETF servicing and investment information delivery for Mackenzie Core Plus Global Fixed Income ETF, Mackenzie Unconstrained Bon ETF, Mackenzie Floating Rate Income ETF and Mackenzie Core Pluc Canadian Fixed Income ETF.
“Our newly launched Mackenzie active ETFs offer investors the advantage of active management and the benefits of an ETF structure. Each ETF is designed to take a different approach to generate stable risk-adjusted returns and diversification for investors in the fixed-income markets,” said Michael Cooke, senior vice president and head of exchange traded funds for Mackenzie. “It is our priority to deliver high-quality products to investors and advisors and to actively anticipate their future needs. We are pleased to select CIBC Mellon as our asset servicing provider based on their knowledge of the Canadian market, their stability as a Canadian leader in custody and ETF servicing, and their strong commitment to client service.”
“We are proud to support Mackenzie Investments as they enter Canada's fast-growing ETF market with their new line of active fixed income ETFs,” said Ronald C. Landry, executive director for ETFs and investment funds at CIBC Mellon. “We look forward to servicing Mackenzie as they grow their offerings and work to meet the evolving needs of investors in Canada.”
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