Mackenzie Investments today announced the April 2019 cash distributions for its Exchange Traded Funds (“ETFs”) listed below that trade on the Toronto Stock Exchange (TSX) and Aequitas NEO Exchange.
Mackenzie Investments announces proposed fund mergers and investment objective change to streamline and strengthen product shelf
Mackenzie Investments is streamlining its product shelf with the announcement of three mergers.
During times of market volatility, the natural tendency for investors is to shift their mindset from capital growth to capital preservation.
As expected, there were no real surprises in the Trudeau government’s last budget before the fall election. While there was no specific industrial or infrastructure stimulus, there was certainly a broad mix of measures to address kitchen table issues—housing, education, skills training, drug prices, and others. What does this mean for investors? Mackenzie Investments Chief Economist and Strategist, Alex Bellefleur shares his commentary.
March 21, 2019
Mackenzie Investments expands responsibilities of Mackenzie’s Fixed Income Team within the Symmetry Canadian Bond Fund
TORONTO – March 19, 2019 – Mackenzie Investments announced today that it will assume investment management responsibilities for all externally sub-advised mandates within the Symmetry Canadian Bond Fund, effective immediately. As an underlying fund within the Symmetry Managed Solution program, the Symmetry Canadian Bond Fund is not directly available for sale to the public.
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.