To mark the company’s upcoming 50th anniversary, Mackenzie Financial Corporation (Mackenzie Investments) announced today the launch of 50 Insights that provide helpful information for financial advisors on what their clients are thinking.
Watch Graham Meagher, Associate Portfolio Manager on the Mackenzie Ivy Team, talk about Canadian banks, interest rate hikes and advancing technology.
September 15, 2017
Global equity valuations are above their 20-year averages. Daniel Arsenault, Investment Director with the Mackenzie Ivy Team discusses these valuations and what they means for investors.
September 12, 2017
Mackenzie Investments Information Services team recently was honoured with a Gold Facilitation Impact Award (FIA) from the International Association of Faciliatators (IAF).
According to Jonathan Norwood, Co-Head of the Mackenzie Cundill Team, one of the biggest risks for investors is to overlook the value investing style. Learn more about the benefits of value investing and Mackenzie Cundill US Class.
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.