Mackenzie Investments launches new EM index ETF

Investors to gain more access to developing market opportunities thanks to a new Mackenzie Investments ETF

Mackenzie Investments launches new EM index ETF

Mackenzie Investments has announced the Mackenzie Emerging Markets Equity Index ETF, which gives Canadians a new way to possibly profit from the strong economic development in emerging markets while also getting exposure to a variety of industries and locations.

“This new offering will allow investors to access the significant growth happening in emerging economies around the world while providing the tax benefits that come with being a domestically listed ETF,” Michael Cooke, Head of ETFs at Mackenzie Investments, said.

The ETF provides traders with global diversification as well as access to emerging market equities' attractive valuations and yields through investments in large and mid-cap stocks from more than 20 emerging market countries.

The ETF tracks the Solactive GBS Developing Economies Large & Mid Cap CAD Index, which is designed to replicate the overall performance of equity securities in emerging economies.

Mackenzie's complete portfolio of ETFs now has 45 Canadian-listed ETFs that include active, strategic beta, and index solutions. In just over five years, the firm's ETF business has grown to more than $12 billion in assets under management.

"Economic growth in the emerging markets continues to outpace that of more developed economies," Cooke added. "Mackenzie Emerging Markets Equity Index ETF will tap into global growth opportunities while satisfying increasing investor demand for emerging market equites as they take a more mainstream role in investment portfolios."

The ETF is now trading under the ticker name QEE on the Toronto Stock Exchange.