A Track Record of Consistency
April 30, 2018
Investment Director, Equities
- The consistency of returns over time is key to the stability of an investor’s capital growth.
- Mackenzie Ivy Foreign Equity Fund has produced higher average returns over every horizon than its peers in the Morningstar Global Equity Category and the benchmark MSCI World Index, with a narrower range of outcomes at the same time.
- The Fund has generated consistently lower standard deviation than peers in the Morningstar Global Equity Category and the benchmark over those same horizons.
The consistency of risk and return over time is critical to investors achieving their financial goals. Returns are more consistent for equity investors over longer periods, and investors looking for equity growth and more consistent outcomes may find Mackenzie Ivy Foreign Equity Fund (IFE in charts) an attractive source of consistent returns. The Fund has produced higher average returns over every horizon than our peers in the Morningstar Global Equity Category (Category in charts) and the benchmark MSCI World Index (BM in charts), with a narrower range of outcomes at the same time. In other words, the Fund has been more consistent.
From a risk perspective, the Fund has generated consistently lower standard deviation than the Category and the benchmark over those same horizons, again with a more consistent risk experience (i.e. a narrower range of risk outcomes). It is this consistency over time that investors have come to expect of the Mackenzie Ivy Foreign Equity Fund. This expectation reinforces our conviction to stay the course and continue investing as we have since Ivy’s inception over 25 years ago.
Investors often seek the returns and risks that most closely match their growth needs and risk tolerance to meet their long term financial goals. Equally important is the consistency of those returns at the desired level of risk. An investment that has returns or risk which are not consistent through time can be prone to surprises, and compromise the capital base should the investment do poorly in down markets. This is an issue for all investors, but particularly problematic for investors who are currently, or close to, taking income from their investments to enjoy the fruits of their labour.
The consistency of returns is key to the stability of an investor’s capital growth over time. Mackenzie Ivy Foreign Equity Fund has provided investors a consistent investment experience over many market cycles, and we believe our philosophy and process will allow us to continue to do that over the long run.
|As of March 31, 2018||1 Year||3 Years||5 Years||10 Years|
|Mackenzie Ivy Foreign Equity Fund - F||-0.6%||3.7%||10.1%||7.8%|
|Morningstar Global Equity Category*||8.9%||6.6%||11.6%||6.7%|
*Quartile/Percentile rankings are from Morningstar Research Inc., an independent research firm, based on the Morningstar Global Equity category, and reflect the performance of the Mackenzie Ivy Foreign Equity Fund, series F for the [1-, 3-, 5- and 10-year] periods as of March 31, 2018. The quartiles divide the data into four equal regions. Expressed in terms of rank (1, 2, 3 or 4), the quartile rankings compare how a fund has performed relative to other funds in a particular category and are subject to change monthly. The number of Global Equity category funds for the Mackenzie Ivy Foreign Equity Fund, series F for each period are as follows: one year – 1,563 funds; three years – 1,059 funds; five years – 754 funds; 10 years – 404 funds.
Talk to your financial advisor to learn more about the consistency of the Mackenzie Ivy Foreign Equity Fund.