Paul Musson, Head of the Mackenzie Ivy Team, shares his thoughts on rising interest rates, trade wars, tariffs and record global debt.
Mackenzie Investments today announced the November 2018 cash distributions for its Exchange Traded Funds (“ETFs”) listed below that trade on the Toronto Stock Exchange (TSX) and Aequitas NEO Exchange. Unitholders of record on November 20, 2018 will receive cash distributions payable on November 27, 2018.
To be eligible for a 2018 tax receipt, donations must be received in good order by the Strategic Charitable Giving Foundation, by 4pm (EST) on December 31, 2018.
Mackenzie Investments has been recognized for industry-leading fund performance at the prestigious Thomson Reuters Lipper® Fund Awards.
During Q3 2017, Mackenzie Global Dividend Fund (Series F) returned -0.9%, and has now returned 14.2%, annualized, since portfolio manager change. This compares with the MSCI World Net Return Index ($CDN) Q3 return of 0.9%, and 11.9%, annualized, since portfolio manager change. Stock selection in information technology and consumer staples detracted from performance in Q3 2017.
‘The U.S. vs. the World’ was one of the key themes that emerged in Q3. Equities continued to outperform bonds over the quarter, with the MSCI ACWI returning 4.7% in local currencies and 2.5% in CAD terms. This compares favorably to -0.2% on the Bloomberg Barclays Global Aggregate Bond Index hedged to CAD and -1.1% on the equivalent Canadian bond index.
The third quarter of 2017 started where the month of June ended with a negative return of 0.71% for the CFE category for the month of July. Luckily, the next two months were both positive, allowing the CFE Category to return +2.06% for the Quarter.