Mackenzie Investments Unveils New Emerging Markets Bond ETF

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Mackenzie Investments just unveiled the Mackenzie Emerging Markets Local Currency Bond Index ETF. The new exchange-traded fund has a management fee of 45 basis points and it offers strong currency diversification. Senior Vice President and Head of ETFs Michael Cooke said in a release that almost 90% of emerging market bonds, approximately US$21.6 trillion, are denominated in local currency.

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Catherine Reale
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