Mackenzie Investments taps CIBC Mellon for custody, exchange-traded fund
servicing and investment information delivery
TORONTO, May 31, 2016 /CNW/ - CIBC Mellon today announced that it
has been selected as asset servicing provider by Mackenzie Financial Corporation (Mackenzie Investments) for four new active fixed
income Exchange Traded Funds (ETFs): Mackenzie Core Plus Global Fixed Income ETF (TSX:MGB), Mackenzie Unconstrained Bond ETF
(TSX:MUB), Mackenzie Floating Rate Income ETF (TSX:MFT), and Mackenzie Core Plus Canadian Fixed Income ETF (TSX:MKB). CIBC Mellon
will provide custody, ETF servicing and investment information delivery for Mackenzie Investments' new active fixed income ETF
lineup.
"Our newly-launched Mackenzie active ETFs offer investors the advantages of active management and the benefits of an ETF
structure. Each ETF is designed to take a different approach to generate stable risk-adjusted returns and diversification for
investors in the fixed income markets," said Michael Cooke, Senior Vice President, Head of Exchange
Traded Funds. "It is our priority to deliver high-quality products to investors and advisors and to actively anticipate their
future needs. We are pleased to select CIBC Mellon as our asset servicing provider based on their knowledge of the Canadian market,
their stability as a Canadian leader in custody and ETF servicing, and their strong commitment to client service."
"We are proud to support Mackenzie Investments as they enter Canada's fast-growing ETF market
with their new line of active fixed income ETFs," said Ronald C. Landry, Executive Director, ETFs
& Investment Funds, CIBC Mellon. "We look forward to servicing Mackenzie as they grow their offerings and work to meet the
evolving needs of investors in Canada."
CIBC Mellon's ETF servicing solutions for clients in Canada leverage BNY Mellon's global asset
servicing and ETF capabilities, and include automated basket creation and redemption features, net-asset-value (NAV) production and
a designated broker interface offering end-to-end automation of the order process. CIBC Mellon services the majority of active ETF
sponsors in Canada as of March 31, 2016.
About Mackenzie Investments
Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and
related services. With $60.2 billion in assets under management as at April
30, 2016, Mackenzie Investments distributes its investment services through multiple distribution channels to both retail
and institutional investors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM
Financial is one of Canada's premier financial services companies with over $132 billion in total assets under management as at April 30, 2016. For more
information, visit mackenzieinvestments.com.
About CIBC Mellon
CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional
investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is
50-50 jointly owned by The Bank of New York Mellon (BNY Mellon) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's
investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and
include custody, multicurrency accounting, exchange-traded fund servicing, fund administration, recordkeeping, pension services,
securities lending services, foreign exchange settlement and treasury services. As at March 31, 2016,
CIBC Mellon had more than C$1.6 trillion of assets under administration on behalf of banks, pension
funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial
institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which
as at March 31, 2016 had US$29.1 trillion in assets under custody
and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY Mellon trade-marks, is the corporate
brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer
to either or both companies. www.cibcmellon.com or
follow us on Twitter @CIBCMellon.
SOURCE CIBC Mellon
