During Q4 2016, Mackenzie Global Dividend Fund returned 2.4%. This compares with the MSCI World Total Return Index ($CDN) return of 4.3%.
US equities performed well. The Russell Mid Cap TR index returned 6.1% (CAD). The information technology and energy sectors were the biggest drivers of returns, with health care and industrials also contributing positively. Conversely, utilities, telecommunications and consumer staples sectors detracted from performance.
In general, markets offered mixed returns this quarter. The S&P 500 was up 1.8%, while in Europe the Euro Stoxx index was down 7.2%. In Asia the Nikkei was up 5.1% while Chinese markets declined.