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Mackenzie Mid Cap Canadian Equity

Inception: December 1997¹

Benchmark: S&P/TSX Total Return Completion Index

Lead Portfolio Manager: Bryan Shearer, CFA

Investment Adviser: Mackenzie Financial Corporation

Portfolio Advantage

  • Well diversified across sectors, tends to hold fewer “big banks” and has a broader opportunity set relative to large-cap Canadian equity portfolios.
  • Smaller average cap size than the broad market, and typically portfolio characteristics will include stronger growth and growth momentum metrics than the broad Canadian market index.
  • All-weather strategy with a focus on high quality Canadian companies that are in the early, high growth stage of their life cycle.

Investment Philosophy

The Mackenzie GLC Team combines top-down macro-level analysis with fundamental bottom-up research. The team seeks to identify industry risks, competitive opportunities and macro trends to influence sector allocations. This top-down view is augmented by a disciplined and thorough fundamental due diligence process to identify companies that are positioned to outperform. Within well-defined risk parameters, the team seeks out companies across the market cap spectrum and will take meaningful positions in specific companies when opportunities present themselves.

Investment Approach

  • Growth-oriented management style that blends top-down macro-analysis with bottom-up fundamental stock research.
  • The portfolio manager seeks to identify industry risks, competitive opportunities and macro trends to influence sector allocations.
  • Disciplined fundamental research to identify companies that are positioned to deliver strong results, such as having superior management, the flexibility of a small- or mid-cap company to adapt to changing economic conditions, and a competitive product or service advantage relative to industry peers.
  • Target 50-90 holdings diversified across sector and industry, primarily in mid-sized Canadian stocks.

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The material presented on this website is for informational purposes only and is intended for institutions, investment professionals, consultants and clients, and does not constitute an offer or solicitation of any kind to buy or sell any investment fund or any other product, investment, security, trading strategy or other service to anyone in any jurisdiction in which an offer or solicitation is not authorized or cannot legally be made or to any person to whom it is unlawful to make such an offer.  Prospective clients are responsible for determining whether any product or service may lawfully be sold in their jurisdiction. 

Investing involves risk.
The contents of this document are provided for illustrative and marketing purposes and do not constitute specific advice regarding your personal investment situation or provide specific individual advice about investment, insurance, financial, legal, accounting, tax or similar matters. Certain information contained in this document is obtained from third parties. Mackenzie Investments believes such information to be accurate and reliable as at the date hereof, however, we cannot guarantee that it is accurate or complete or current at all times. The information provided is subject to change without notice and Mackenzie Investments cannot be held liable for any loss arising from any use of or reliance on the information contained in this document. No portion of this communication may be reproduced or distributed to anyone without the express permission of Mackenzie Investments.

The Mackenzie Mid Cap Canadian Equity Composite contains fully discretionary, Mid Cap Canadian Equity accounts. New accounts are included in the Composite beginning with the first full month under management after they have been fully invested. 

GIPS Compliance Statement
Mackenzie Investments claims compliance with the Global Investment Performance Standards (GIPS®).

Composite Description
The Mid Cap Canadian Equity Composite seeks to invest primarily in Canadian small- and mid-capitalization companies with significant opportunities for growth. Prior to January 1, 2021, the composite was known as the Canadian Small/Mid Cap Growth composite. The composite was created on August 31, 2015.

Benchmark Description
The benchmark is the S&P/TSX Total Return Completion Index. The S&P/TSX Total Return Completion Index is comprised of the constituents of the S&P/TSX Composite Index that are not in the S&P/TSX 60 Index.

List of Composites
A complete list of composite descriptions is available to prospective clients upon request. Please contact Carol De Veau at cdeveau@mackenzieinvestments.com.

¹This strategy was managed by GLC Asset Management from the inception date to December 31, 2020. On and from January 1, 2021, Mackenzie Investments was responsible for the management of the strategy after it acquired GLC Asset Management.