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Mackenzie Global Fixed Income Allocation ETF
MGAB (Mackenzie Global Fixed Income Allocation ETF) is an index Canadian Dividend Equity ETF by Mackenzie. With a 0.25% MER, it provides diversified exposure. Monthly distribution with a 3.61% yield.
MGAB by Mackenzie is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.25% MER makes it one of the most cost-effective options in its category. It pays a monthly distribution with a 3.61% yield, making it attractive for income-seeking investors.
This ETF suits investors who prioritize regular dividend income. It is often held in a TFSA to receive distributions tax-free.