Mackenzie Investments Launches Three Fixed-Income Bond ETFs Tracking Solactive Indices
Solactive is pleased to announce that they expanded their engagement with Mackenzie Investments (“Mackenzie”), serving as the index provider for three new fixed-income ETFs. The Mackenzie Canadian Government Long Bond Index ETF, the Mackenzie Canadian Ultra Short Bond Index ETF, and the Mackenzie US Government Long Bond ETF track Solactive indices and provide clients and investors with diversification potential within the fixed-income space.
The Solactive Canadian Long Government Bond Index is composed of provincial and/or Sovereign bonds denominated in CAD having a time to maturity of 15 or more years. The Solactive US 20+ Year Treasury Bond CAD Index is composed of US Treasury bonds focusing on the 20y+ bonds.
The Solactive Canadian Ultra Short Bond Index covers sovereign, local authority/political division, and corporate bonds denominated in CAD that mature within one year. Maple bonds are also eligible for inclusion in the index.
In the three indices, only bonds with semi-annual coupons and the following coupon types are eligible: fixed rate bonds (lifetime), fix to float and fix to variable bonds if they are within the fix coupon period and not less than one year prior to the reset date.
The ETFs listed on TSX under the ticker symbols QLB, QASH, and QTLT.
Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “Our designed indices offer means to diversify portfolios in various market conditions. We are delighted with the partnership with Mackenzie Investments, which reflects our shared commitment to meeting the evolving needs of the investment community. This collaboration also underscores Solactive’s consolidation of its presence in the fixed-income market.”
Prerna Mathews, Vice President, ETF Product Strategy, Mackenzie Investments, stated: “Mackenzie is pleased to be working with Solactive to help bring our new suite of fixed income ETFs to the Canadian market. These new ETFs offer investors greater choice when it comes to diversifying their portfolios, with the ability to strategically adjust their core fixed income positions to changing market and economic conditions.”