Our nine distinct investment teams, in-house asset allocation team and four sub-advisory relationships provide investors with a broad range of perspectives and insights ensuring you can always build strong, well-diversified and well-run portfolios for your clients using Mackenzie Investments’ funds.
The Mackenzie Cundill Team has an unwavering adherence to a deep value style of investing. The team buys securities trading at significant discounts to Cundill’s estimate of net asset value (NAV) or intrinsic value. They are balanced sheet focused with an emphasis on assets; catalysts to realizing value are identified.
The Mackenzie All Cap Value Team’s investment approach is bottom-up stock selection, focusing on statistically cheap securities. All cap portfolios are diversified by sector with individual weightings typically at or below 2% to 4% to reduce company-specific risk. Entry and exit prices guided by assessed fair market value, resulting in tight buy and sell disciplines.
The Mackenzie Asset Allocation Team uses a mean-variance approach to develop an optimal asset allocation. The team conducts both a quantitative and qualitative assessment of managers and mandates used within portfolios. The Asset Allocation Team manages daily cash flows and performs portfolio rebalancing to ensure that asset class allocations stay within targets, and actively manages currency exposure.
The Mackenzie Fixed Income Team covers a broad range of debt securities and conducts proprietary analysis. Economic analysis helps shape the context for valuing government and corporate sectors.
The Mackenzie Global Emerging Markets team believes that the ability to capture alpha resides in understanding the macroeconomic environment and investing themes unfolding at any given time. The team takes an active, fundamental approach to investing, utilizing a blended investment style with a thematic overlay.
Portfolio Manager: Jan Cornelis De Bruijn
The Mackenzie Growth Team survey’s a macro environment to identify secular growth themes. The team uses a bottom up portfolio construction, where companies are selected on their own merits and the focus is on industry leaders.
The Mackenzie Resource Team has a multi-level, flexible investment approach driven by an experienced, diverse team, combines top-down macroeconomic analysis with bottom-up stock selection. Macro analysis helps determine thematic tilt and sub-sector positioning.
1832 Asset Management L.P. offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds and the portfolio solutions of the Marquis Investment Program. 1832 Asset Management L.P. is a wholly-owned subsidiary of Scotiabank.
Portfolio Manager: Michael McHugh
Bluewater Investment Management invests in solid, well-managed companies selling at a discount to their intrinsic value. Their valuation discipline adds a strong element of capital preservation. The company invests in concentrated portfolios.
Putnam Investments’s investment approach is fundamental credit research which employs classic financial analysis. They evaluate companies based on the following characteristics across all issuers and sectors: sustainable competitive advantage, viable capital structure, trajectory of free cash flow, adequate downside protection.
Waddell & Reed Financial, Inc has a conservative investment approach that is based on fundamentals over fads. The investment management team includes highly skilled portfolio managers, analysts and economists who collaborate regularly, yet make decisions independently. The respected US based company dates back to 1937.