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Mackenzie GQE US Alpha Extension ETF
MALX (Mackenzie GQE US Alpha Extension ETF) is an active US Equity ETF by Mackenzie. With a 1.15% MER, it provides diversified exposure.
MALX is actively managed by Mackenzie's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 1.15% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
It can be held in a TFSA, RRSP, or non-registered account depending on your investment strategy.