Mackenzie Canadian Equity Index ETF

About Mackenzie Canadian Equity Index ETF

This passively managed exchange-traded fund is designed to replicate the performance of an underlying index comprising publicly traded Canadian companies. The index specifically targets substantial large-cap and growing mid-cap entities that satisfy predefined criteria for both liquidity and market capitalization. An index committee methodically selects and assigns weightings to these component securities, primarily based on their free-float market capitalization. Given its broad mandate, the fund deliberately avoids sector-specific limitations, instead allocating capital to firms that hold a significant market presence due to their overall size. Uniquely, the index undergoes quarterly rebalancing and reconstitution, with this process commencing each February, placing its review cycle outside the typical schedule of many comparable indices.