Mackenzie reduces fees for ETFs, mutual funds

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Mackenzie Investments is reducing its management fees for seven mutual funds and 14 ETFs.

The management fees for the following mutual funds were reduced on Monday, the firm said in a release:

	Current management fees		New management fees
	Series PW	Series F, PWFB and PWX	Series PW	Series F, PWFB and PWX
Mackenzie Canadian Money Market Fund	0.65%	0.40%	0.60%	0.35%
Mackenzie Canadian Short Term Income Fund	0.95%	0.45%	0.90%	0.40%
Mackenzie Canadian Bond Fund	1.00%	0.50%	0.95%	0.45%
Mackenzie Strategic Bond Fund	1.00%	0.50%	0.95%	0.45%
Symmetry Fixed Income Portfolio	1.00%	0.50%	0.95%	0.45%
Mackenzie Investment Grade Floating Rate Fund	1.05%	0.55%	1.00%	0.50%
Mackenzie Global Tactical Investment Grade Bond Fund	1.05%	0.55%	1.00%	0.50%

Mackenzie will also lower the management fees for the following ETFs as of October 12.

Mackenzie ETF	Current management fee	New management fee
Mackenzie Core Plus Canadian Fixed Income ETF	0.55%	0.40%
Mackenzie Floating Rate Income ETF	0.65%	0.60%
Mackenzie Global High Yield Fixed Income ETF	0.65%	0.60%
Mackenzie Unconstrained Bond ETF	0.55%	0.50%
Mackenzie Canadian Short Term Fixed Income ETF	0.49%	0.35%
Mackenzie Global Leadership Impact ETF	0.60%	0.55%
Mackenzie Ivy Global Equity ETF	0.85%	0.75%
Mackenzie Portfolio Completion ETF	0.60%	0.45%
Mackenzie Maximum Diversification Canada Index ETF	0.60%	0.45%
Mackenzie Maximum Diversification US Index ETF	0.60%	0.45%

Preferred pricing for RDSPs

Mackenzie has created a tiered pricing series for investors with RDSPs. Those households with a minimum of $100,000 invested with Mackenzie will automatically be switched into the Series PWR beginning on April 1, 2019 and the second Friday of every month afterwards, the release said.

The firm reduced the minimum investment required for its preferred pricing on the Private Wealth Series to $100,000 per household earlier this year.

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Preferred pricing for RDSPs

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