IGM Financial Inc. (TSX: IGM) today announced that the investment management functions of Investors Group and Mackenzie Investments are joining together to form a single global investment management organization to support both companies.
Alain Bergeron, Head of the Mackenzie Asset Allocation Team, looks at what’s driving stock markets to new highs and also the two factors that advisors and investors should monitor in this environment.
October 13, 2017
Investing with impact: Mackenzie Investments announces two new products to help investors seek competitive risk-adjusted returns through sustainable, responsible and impact investments
There is a growing demand by Canadian investors for sustainable, responsible and impact investments that also offer competitive returns. Two new products from Mackenzie Financial Corporation.
October 10, 2017 Bookmark the Web Page, Investing with impact: Mackenzie Investments announces two new products to help investors seek competitive risk-adjusted returns through sustainable, responsible and impact investments Add to My Bookmarks
Mackenzie Investments announces a unique equity fund offering exposure to China’s entire capital market
A recent survey of investors sponsored by Mackenzie Financial Corporation (Mackenzie Investments) and conducted by Environics Research, demonstrated that Canadians are interested in investing in China: 77% of Canadian investors say they will either maintain or increase their investments in China in the next two to three years.
Over the first quarter of 2017, the global market finished strong, continuing the trend that started last fall. Far East markets outperformed the US and European markets; this is the opposite of what was observed in Q4, when Far East markets lagged their global counterparts. European markets also posted strong performance. US markets achieved new all-time highs. The U.S. Federal Reserve raised the federal funds rate again in March 2017, after the hike in December 2016, citing higher home prices, low unemployment rate and improving economic confidence.
During Q1 2017, Mackenzie Global Dividend Fund returned 7.4%. This compares with the MSCI World Total Return Index ($CDN) return of 5.3%.
During the quarter, oil prices pulled back over concerns of higher inventory levels. Oil prices dipped below US$50 briefly during March but ended the quarter marginally over $51. Our holdings in California Resources and Whiting Petroleum both pulled back materially with oil prices coming off. The two companies remain levered to higher energy prices. We believe the firms remain undervalued in an environment of $60 oil prices.