Ivy has proudly been serving clients for 25 years | Mackenzie Investments

Ivy has proudly been serving clients for 25 years

The History of Ivy

Watch as Paul Musson, Senior Vice President, Portfolio Manager, speaks to the success the Mackenzie Ivy Team has achieved over the years and their continued focus of carefully growing clients’ capital over time.

Show transcript

On October 19th 1992 Jerry Javasky and Gerry Coleman joined Mackenzie Financial and the IVY funds were formed and this was the beginning of carefully growing clients capital overtime by investing in select businesses and patiently acquiring them. I joined the Mackenzie Ivy Fund in February 2000 and it was almost right at the peak of the tech boom and then the global tech wreck hit and the global market slumped and Mackenzie funds provided pretty good downside protection for our clients. The performance of the Mackenzie Ivy Foreign equity fund is an example of the downside protection that Ivy can afford clients during bear markets and this particular one in the .com crash. In 2001 we launched the Mackenzie IVY Global Balance Fund. In 2002 we launched Mackenzie IVY European Fund and then in 2007 we launched the Currency Neutral version of Ivy Foreign. And then the financial crisis hit and the IVY funds, we were down but not down nearly as much as the benchmark or the peer group. So markets were down in 2011 and again it wasn’t a big drop but again it was another pretty good example, I think of how Mackenzie IVY Funds tend to hold up pretty well in down markets. In 2016 The Mackenzie IVY International Equity fund was launched and it was designed to give investors the similar sort of low volatility good downside protection through the cycle outperformance that all the other funds strive to achieve. So as the Mackenzie Ivy funds were established on Oct 19th 1992 we now have 25 years of partnership between IVY Mackenzie Carefully growing our clients capital through full market cycles. IVY has now been around for 25 years so that’s pretty good staying power and I am very proud of that, very proud to be a part of it, very proud to be a part of this partnership between IVY and Mackenzie

The Staying Power of Ivy over 25 Years

Portfolio managers Jerry Javasky and Gerry Coleman established Ivy in October 1992 after joining Mackenzie Investments. Javasky focused on global stocks while Coleman focused on Canadian equities.  Together they founded the Ivy core value of protecting capital on the downside to generate above-average compound returns over a full market cycle.

In 2000 Paul Musson joined the Mackenzie Ivy Team and is still active today as a Portfolio Manager and Senior Vice President. Over the years Ivy has maintained it’s core investment style which focuses on a long-term view and fundamental bottom-up analysis; it also involves a lengthy independent due diligence process. This style has helped Ivy continuously outperform during bear markets.

Ivy’s commitment to patience, discipline and independent thought through the market cycle is as strong today as it was 25 years ago.

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Awards & Rankings

Throughout our 25-year history, Ivy has been honoured to achieve several awards for our investment style. Three of our funds have been awarded four and five stars by the independent investment research firm Morningstar and this past year three of our funds were winners of Fundata FundGrade A+ Awards for consistent and outstanding risk-adjusted performance. Learn more about Ivy awards and recognitions.

The highest ratings given by the independent investment research firm Morningstar

Additional information

  • Ivy Through the Cycles
    Mackenzie Ivy Foreign Equity Fund has outperformed across all complete market cycles.
  • Investment Team
    Mackenzie Ivy Team                                    

Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns as of August 31, 2017 including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of Mackenzie Ivy Global Balanced Fund, Mackenzie Ivy Foreign Equity Fund, Mackenzie Ivy Canadian Balanced Fund and Mackenzie Ivy Canadian Fund or returns on investment in Mackenzie Ivy Global Balanced Fund, Mackenzie Ivy Foreign Equity Fund, Mackenzie Ivy Canadian Balanced Fund and Mackenzie Ivy Canadian Fund.

Morningstar Star Ratings reflect performance of Series F units as of August 31, 2017 and are subject to change monthly. The ratings are an objective, quantitative measure of a fund’s historical risk-adjusted performance relative to other funds in its category. Only funds with at least a three-year track record are considered. The overall star rating for a fund is a weighted combination calculated from a fund’s 3, 5, and 10-year returns, as available, measured against the 91-day Treasury bill and peer group returns. A fund can only be rated if there are a sufficient number of funds in its peer group to allow comparison for at least three years. If a fund scores in the top 10% of its fund category, it gets 5 stars; if it falls in the next 22.5%, it receives 4 stars; a place in the middle 35% earns a fund 3 stars; those in the next 22.5% receive 2 stars; and the lowest 10% receive 1 star. For more details on the calculation of Morningstar Star Ratings, see morningstar.ca. Quartile rankings and peers beaten are calculated by Mackenzie Investments based on the fund series-level data Morningstar provides. The CIFSC categories, Star Ratings and number of funds in each category for the standard periods are: Mackenzie Ivy Global Balanced Fund Series F, Global Equity Balanced category: 3 years – 5 stars (670 funds), 5 years – 5 stars (472 funds), 10 years – 5 stars (214 funds). Mackenzie Ivy Foreign Equity Fund Series F, Global Equity category: 3 years – 3 stars (1,052 funds), 5 years – 3 stars (740 funds), 10 years – 5 stars (333 funds). Mackenzie Ivy Canadian Balanced Fund Series F, Canadian Equity Balanced: 3 years – 4 stars (381 funds), 5 years – 5 stars (304 funds), 10 years – 4 stars (152 funds). Mackenzie Ivy Canadian Fund Series F, Canadian Focused Equity: 3 years – 4 stars (527 funds), 5 years – 4 stars (381 funds), 10 years – 4 stars (190 funds)

The Fundata FundGrade A+ Awards are presented annually to Canadian investment funds that achieve consistently high FundGrade scores through an entire calendar year. In 2016, 225 top-performing Canadian mutual funds, exchange traded funds, and segregated funds from 56 fund companies were awarded a FundGrade A+ Rating.  FundGrade A+ is a supplemental calculation to the FundGrade ratings and is performed at the end of each calendar year. Eligible funds must have received a FundGrade rating every month in the previous year. FundGrade A+ uses a “GPA-style” calculation, where monthly FundGrades from “A” to “E” receive scores from 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded an A+ rating.

For more information on the FundGrade rating system, visit their corporate website.

The FundGrade A+ rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The FundGrade A+ rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year.