Latest news with #ExchangeTradedFund
Cision Canada
12 hours ago
- Business
- Cision Canada
Mackenzie Investments Announces Final Proceeds Relating to the Termination of Mackenzie Global Sustainable Dividend Index ETF and Redemption of USD Units of Mackenzie US Large Cap Equity Index ETF
TORONTO, June 6, 2025 /CNW/ - Mackenzie Investments ("Mackenzie") today announced additional information regarding the termination and redemption of USD Units of the exchange traded funds ("ETFs") listed below, previously announced on March 14, 2025. The units of Mackenzie Global Sustainable Dividend Index ETF (TSX: MDVD and MDVD.U) and the USD units of Mackenzie US Large Cap Equity Index ETF (TSX: QUU.U) were delisted from the Toronto Stock Exchange on June 3, 2025. The proceeds from the liquidation of the assets, less all liabilities and expenses incurred in connection with the ETFs were determined on June 4, 2025 and are as follows: ETF Name TSX Symbol Redemption Proceeds per USD unit Mackenzie US Large Cap Equity Index ETF QUU.U 172.998396 (USD) Each unitholder will receive the Termination Proceeds and Redemption Proceeds on a pro rata basis as shown in the table above and no further action is required by unitholders. The Termination Proceeds and Redemption Proceeds will be paid out to CDS Clearing and Depository Services Inc. ("CDS") on or about June 9, 2025, which investors will receive thereafter based on individual brokerage processing times. For more information on the termination and redemption of USD units of the above ETFs, please see: Mackenzie Investments Announces Termination of Mackenzie Global Sustainable Dividend Index ETF and Redemption of USD Units of Mackenzie US Large Cap Equity Index ETF Further information about Mackenzie ETFs can be found at Commissions, management fees, brokerage fees and expenses all may be associated with Exchange Traded Funds. Please read the prospectus before investing. Exchange Traded Funds are not guaranteed, their values change frequently and past performance may not be repeated. The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an Exchange Traded Fund's performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero. About Mackenzie Investments Mackenzie Investments ("Mackenzie") is a Canadian investment management firm with approximately $213 billion in assets under management as of April 30, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada's leading diversified wealth and asset management organizations with approximately $269 billion in total assets under management and advisement as of April 30, 2025. For more information, visit
Yahoo
12 hours ago
- Business
- Yahoo
Mackenzie Investments Announces Final Proceeds Relating to the Termination of Mackenzie Global Sustainable Dividend Index ETF and Redemption of USD Units of Mackenzie US Large Cap Equity Index ETF
TORONTO, June 6, 2025 /CNW/ - Mackenzie Investments ("Mackenzie") today announced additional information regarding the termination and redemption of USD Units of the exchange traded funds ("ETFs") listed below, previously announced on March 14, 2025. The units of Mackenzie Global Sustainable Dividend Index ETF (TSX: MDVD and MDVD.U) and the USD units of Mackenzie US Large Cap Equity Index ETF (TSX: QUU.U) were delisted from the Toronto Stock Exchange on June 3, 2025. The proceeds from the liquidation of the assets, less all liabilities and expenses incurred in connection with the ETFs were determined on June 4, 2025 and are as follows: ETF Name TSX Symbol Termination Proceeds per unit Mackenzie Global Sustainable Dividend Index ETF MDVD 28.132954 (CAD) Mackenzie Global Sustainable Dividend Index ETF (USD) MDVD.U 20.529585 (USD) ETF Name TSX Symbol Redemption Proceeds per USD unit Mackenzie US Large Cap Equity Index ETF QUU.U 172.998396 (USD) Each unitholder will receive the Termination Proceeds and Redemption Proceeds on a pro rata basis as shown in the table above and no further action is required by unitholders. The Termination Proceeds and Redemption Proceeds will be paid out to CDS Clearing and Depository Services Inc. ("CDS") on or about June 9, 2025, which investors will receive thereafter based on individual brokerage processing times. For more information on the termination and redemption of USD units of the above ETFs, please see: Mackenzie Investments Announces Termination of Mackenzie Global Sustainable Dividend Index ETF and Redemption of USD Units of Mackenzie US Large Cap Equity Index ETF Further information about Mackenzie ETFs can be found at Commissions, management fees, brokerage fees and expenses all may be associated with Exchange Traded Funds. Please read the prospectus before investing. Exchange Traded Funds are not guaranteed, their values change frequently and past performance may not be repeated. The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an Exchange Traded Fund's performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero. About Mackenzie InvestmentsMackenzie Investments ("Mackenzie") is a Canadian investment management firm with approximately $213 billion in assets under management as of April 30, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada's leading diversified wealth and asset management organizations with approximately $269 billion in total assets under management and advisement as of April 30, 2025. For more information, visit SOURCE Mackenzie Financial Corporation View original content to download multimedia: Sign in to access your portfolio
Cision Canada
29-05-2025
- Business
- Cision Canada
Mackenzie Investments Announces Estimated Reinvested Distributions in Connection with the Termination of Mackenzie Global Sustainable Dividend Index ETF Français
TORONTO, May 29, 2025 /CNW/ - Mackenzie Investments ("Mackenzie") today announced the following estimated reinvested distributions (the "Estimated Reinvested Distributions") in respect of the termination of the Exchange Traded Fund ("ETF") listed below that trades on the Toronto Stock Exchange (TSX). The termination, which will take place on or about June 4, 2025, was first announced on March 14, 2025. In all cases, these Estimated Reinvested Distributions will be reinvested on or about June 4, 2025 to unitholders of record on June 4, 2025. The Estimated Reinvested Distributions will not be paid in cash but will be reinvested and the resulting units immediately consolidated, so that the number of units held by each investor will not change. Details for Terminating ETF: Further information about Mackenzie ETFs can be found at Commissions, management fees, brokerage fees and expenses all may be associated with Exchange Traded Funds. Please read the prospectus before investing. Exchange Traded Funds are not guaranteed, their values change frequently and past performance may not be repeated. The payment of distributions is not guaranteed and may fluctuate. The payment of distributions should not be confused with an Exchange Traded Fund's performance, rate of return or yield. If distributions paid by the Exchange Traded Fund are greater than the performance of the Exchange Traded Fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an Exchange Traded Fund, and income and dividends earned by an Exchange Traded Fund are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero. About Mackenzie Investments Mackenzie Investments ("Mackenzie") is a Canadian investment management firm with approximately $213 billion in assets under management as of April 30, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), part of the Power Corporation group of companies and one of Canada's leading diversified wealth and asset management organizations with approximately $269 billion in total assets under management and advisement as of April 30, 2025. For more information, visit
Time of India
28-05-2025
- Business
- Time of India
Invest Smart: Nifty 50 ETF offers low-cost access to market leaders
If you're new to investing in stock markets or an NRI looking to invest in India or a millennial trying to make smarter financial choices , starting your journey can feel overwhelming. Investment decisions can be challenging, especially in times of market volatility . Over the past six months, markets have experienced increased volatility, leaving many investors uncertain about the best course of action. The uncertainty often leads to tough choices, with the fear of making the wrong decision causing hesitation. However, it's important to remember that volatility is a natural part of investing and the key lies in maintaining a long-term perspective. While short-term ups and downs can be unsettling, staying focused on your financial goals and making informed, disciplined investment choices can help you navigate this uncertainty. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo The good news? Getting started with investing doesn't have to be expensive or complicated. You don't need to pick individual stocks or track the market daily to grow your money. Taking the passive route is advisable as you get to replicate a benchmark index and one of the simplest and most effective ways to begin is through the Nifty 50 ETF (Exchange Traded Fund). What is the Nifty 50 ETF? A Nifty 50 ETF is a low-cost investment product that lets you own a small piece of India's 50 largest listed companies, all in one go. These stocks include blue-chips and industry leaders across 15 key sectors. The ETF simply mirrors the Nifty 50 index, which means your investment automatically follows the performance of India's top-50 biggest, most reliable companies. The Nifty 50 index, which completed 29 years last month, is the most popular benchmark index, representing a diversified portfolio of India's 50 largest companies by market capitalisation. As of April 21, 2025, Nifty 50 has delivered a compound annual growth rate (CAGR) of 12.93% since inception. Live Events Large-caps, with their reliable performance, solid cash flows, profitability & market advantages are essential for long-term portfolios, making the Nifty 50 index an excellent option for retail investors. Why choose the Nifty 50 ETF? If you're looking to invest in Nifty 50, choosing an ETF is a smart and hassle-free option. Nifty 50 ETFs come with various benefits that make them an attractive choice for investors. A key feature is their low cost because of lower expense ratios. Since ETFs are passively managed, there are no fund manager fees eating into your returns. Since ETFs track the entire Nifty 50 index, you are automatically investing in a diversified set of stocks, without the need to pick individual stocks yourself and minimising the risk of bad stock selection. One of the biggest advantages of investing in a Nifty 50 ETF is its affordability. Nifty 50 ETF lets you own a slice of India's top 50 companies with just a few hundred rupees. Further, the index itself is re-balanced every six months, ensuring that it accurately reflects India's top-performing companies. This ensures your investment stays aligned with the top-performing companies in the market, all without the need for constant monitoring. Another great feature is their high liquidity, which allows you to buy and sell ETF units through demat & trading accounts just like stocks during market hours. This provides flexibility, giving you greater control over your investments. Investing in a Nifty 50 ETF becomes even more relevant in the current market scenario. The Index's price-to-earnings (PE) ratio has dropped from 24.5 times in September 2024 to 22.4 times in May 2025, making it more attractive from a valuation perspective. This decrease presents a good opportunity for investors to enter the market at a lower valuation. Conclusion Nifty 50 ETF offers an easy, low-cost, hands-off, efficient and risk-free way to invest in some of the best blue-chips in India, with the added benefits of liquidity and diversification. For NRIs, the Nifty 50 ETF offers a simple way to invest in India's growth without managing a large portfolio. It's also an ideal entry point for millennials & beginners providing low-cost exposure to top businesses and long-term growth. (Author of the article Chintan Haria is Principal - Investment Strategy at ICICI Prudential AMC)
Economic Times
28-05-2025
- Business
- Economic Times
Invest Smart: Nifty 50 ETF offers low-cost access to market leaders
What is the Nifty 50 ETF? Live Events Why choose the Nifty 50 ETF? Conclusion If you're new to investing in stock markets or an NRI looking to invest in India or a millennial trying to make smarter financial choices , starting your journey can feel overwhelming. Investment decisions can be challenging, especially in times of market volatility . Over the past six months, markets have experienced increased volatility, leaving many investors uncertain about the best course of uncertainty often leads to tough choices, with the fear of making the wrong decision causing hesitation. However, it's important to remember that volatility is a natural part of investing and the key lies in maintaining a long-term short-term ups and downs can be unsettling, staying focused on your financial goals and making informed, disciplined investment choices can help you navigate this good news? Getting started with investing doesn't have to be expensive or complicated. You don't need to pick individual stocks or track the market daily to grow your money. Taking the passive route is advisable as you get to replicate a benchmark index and one of the simplest and most effective ways to begin is through the Nifty 50 ETF (Exchange Traded Fund). Nifty 50 ETF is a low-cost investment product that lets you own a small piece of India's 50 largest listed companies, all in one go. These stocks include blue-chips and industry leaders across 15 key sectors. The ETF simply mirrors the Nifty 50 index, which means your investment automatically follows the performance of India's top-50 biggest, most reliable companies. The Nifty 50 index, which completed 29 years last month, is the most popular benchmark index, representing a diversified portfolio of India's 50 largest companies by market capitalisation. As of April 21, 2025, Nifty 50 has delivered a compound annual growth rate (CAGR) of 12.93% since with their reliable performance, solid cash flows, profitability & market advantages are essential for long-term portfolios, making the Nifty 50 index an excellent option for retail you're looking to invest in Nifty 50, choosing an ETF is a smart and hassle-free option. Nifty 50 ETFs come with various benefits that make them an attractive choice for investors. A key feature is their low cost because of lower expense ratios. Since ETFs are passively managed, there are no fund manager fees eating into your ETFs track the entire Nifty 50 index, you are automatically investing in a diversified set of stocks, without the need to pick individual stocks yourself and minimising the risk of bad stock of the biggest advantages of investing in a Nifty 50 ETF is its affordability. Nifty 50 ETF lets you own a slice of India's top 50 companies with just a few hundred the index itself is re-balanced every six months, ensuring that it accurately reflects India's top-performing companies. This ensures your investment stays aligned with the top-performing companies in the market, all without the need for constant great feature is their high liquidity, which allows you to buy and sell ETF units through demat & trading accounts just like stocks during market hours. This provides flexibility, giving you greater control over your in a Nifty 50 ETF becomes even more relevant in the current market scenario. The Index's price-to-earnings (PE) ratio has dropped from 24.5 times in September 2024 to 22.4 times in May 2025, making it more attractive from a valuation perspective. This decrease presents a good opportunity for investors to enter the market at a lower 50 ETF offers an easy, low-cost, hands-off, efficient and risk-free way to invest in some of the best blue-chips in India, with the added benefits of liquidity and NRIs, the Nifty 50 ETF offers a simple way to invest in India's growth without managing a large portfolio. It's also an ideal entry point for millennials & beginners providing low-cost exposure to top businesses and long-term growth.(Author of the article Chintan Haria is Principal - Investment Strategy at ICICI Prudential AMC)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
