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Mackenzie AAA CLO ETF, Mackenzie Target 2027 North American IG Corporate Bond Fund and ETF and Mackenzie Target 2029 North American IG Corporate Bond Fund and ETF aim to provide investors with stable investments and attractive yields
TORONTO, ON – May 1, 2025 – Mackenzie Investments (“Mackenzie”) today announced the launch of several new investment solutions listed below. The new mutual funds and exchange traded funds (ETFs) aim to provide investors with high-quality fixed income investment options with the potential to deliver enhanced yields with lower risk.
- Mackenzie AAA CLO ETF (TSX: MAAA)
- Mackenzie Target 2027 North American IG Corporate Bond Fund and ETF (TSX: MTBA)
- Mackenzie Target 2029 North American IG Corporate Bond Fund and ETF (TSX: MTBB)
The new offerings are all managed by the Mackenzie Fixed Income Team, who have extensive expertise with global fixed income securities, rates, currencies and credit quality.
“Given ongoing market uncertainty, many investors are looking for predictable investment options to help minimize risk in their portfolios,” said Kristi Ashcroft, Executive Vice President, Products & Solutions, Mackenzie Investments. “We’re pleased to offer Canadians a suite of investment solutions that offer the potential for stable returns with lower volatility.”
Mackenzie AAA CLO ETF
The Mackenzie AAA CLO ETF provides access to AAA-rated collateralized loan obligations (CLOs) that adjust their yields to the prevailing benchmark interest rates. This provides investors with the potential to increase returns without proportionally increasing their risk exposure. The AAA-rated tranche is the safest tier, being the last to absorb losses and the first to receive payments. Mackenzie’s new active ETF can help investors diversify their portfolios while offering lower volatility and higher credit quality, as well as slightly higher yields than corporate bonds.
Mackenzie Target 2027 and 2029 North American Corporate Bond Funds and ETFs
Both the Mackenzie Target 2027 and 2029 North American IG Corporate Bond Funds and their corresponding ETFs aim to offer investors attractive returns in varying interest rate environments while minimizing risk. By holding the bonds to maturity, the funds and ETFs are useful options for investors looking to match investment maturity with their financial goals. The target maturity funds and ETFs provide predictability and reduced interest rate sensitivity, making them an attractive investment option.
“Our Fixed Income Team is dedicated to finding the best opportunities for investors, while keeping economic volatility and impacts from interest rate changes top of mind. These new offerings are relatively predictable – welcome options for investors seeking opportunities to diversify their portfolios to meet their financial goals,” concluded Ms. Ashcroft.
The initial offerings of the ETFs have closed, and they will begin trading today on the Toronto Stock Exchange under their respective ticker symbols.