Oversubscribed, CDFI Bond Demand Affirms Interest in Socially Responsible Outcome at Competitive Market Rate

Geopolitical forces suppressing global government bond yields have somewhat dissipated after the French first-round vote. We see Fed rate rise expectations returning as a bond market driver, justifying a cautious stance on sovereign debt.

Mackenzie Financial Corporation (Mackenzie Investments) announced the launch of two new mutual funds and one ETF designed to generate income and improve portfolio diversification.

Robert Haugen, who discovered the low-volatility anomaly in 1972, wrote numerous articles and books to try to popularise what he called the ‘hidden factor'. To some extent, it was only the advent of smart beta investment strategies that turned his dream into reality, as low volatility is central to the smart beta approach.

Total Assets under Management are up 11% vs. the end of 2016, reaching EUR 31.8 billion and including a positive market impact (+4.2%). Net New Assets into Smart Beta ETFs have already reached a quarter of the record high EUR7bn figure reached in 2016.