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.
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.
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.