Commentary – Mackenzie Asset Allocation Team | Mackenzie Investments

Commentary – Mackenzie Asset Allocation Team

Team Insights

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We need to talk about Germany

The last few weeks have seen a considerable increase in talk about a potential U.S. recession, largely as a result of the inversion in the yield curve. As we have written in previous notes, we are generally not ready to forecast a U.S. recession, believing instead that headwinds in the manufacturing sector will be matched by improvements in personal consumption and housing as well as Fed easing.

September 3, 2019 Bookmark the Web Page, We need to talk about Germany Add to My Bookmarks

Correlation vs. Beta: What is The Difference and Why Does It Matter?

How much will a new investment idea diversify a portfolio? Will it really add something new? Or will it just provide more of the same? To answer that question, many people start with the correlation coefficient.

May 23, 2019 Bookmark the Web Page, Correlation vs. Beta: What is The Difference and Why Does It Matter? Add to My Bookmarks

Asset Allocation and Factor Investing: An Integrated Approach

Factor investing is a relatively new concept that continues to gain acceptance among market participants. Despite that, there remains much debate over how factors can best be incorporated into the investment process. Some investors even view the factor approach to portfolio construction as a preferred alternative to traditional methods of asset allocation.

April 8, 2019 Bookmark the Web Page, Asset Allocation and Factor Investing: An Integrated Approach Add to My Bookmarks

A Systematic Approach for Asset Class Valuation

The Mackenzie Asset Allocation Team has developed a tool to value global assets on the basis of expected fundamentals. Read the Team’s new white paper to learn more about the tool and its role in their tactical asset allocation process. 

May 5, 2017 Bookmark the Web Page, A Systematic Approach for Asset Class Valuation Add to My Bookmarks

Tags: Mackenzie Multi-Asset Strategies Team, Alain Bergeron, Todd Mattina

Italians Vote ‘No’: Implications for Italy, the Euro Area and Global Markets

Mackenzie Chief Economist Todd Mattina analyzes issues and implications of the results of Italy’s constitutional referendum.

December 6, 2016 Bookmark the Web Page, Italians Vote ‘No’: Implications for Italy, the Euro Area and Global Markets Add to My Bookmarks

Tags: Insight, Mackenzie Multi-Asset Strategies Team, Todd Mattina, Market Alert, Market Insights

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Market Commentary

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Quarterly Commentary

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Q1 2019 Commentary – Mackenzie Multi-Asset Strategies Team

Equity markets rebounded significantly in Q1 after a tumultuous end to 2018. The MSCI ACWI Index returned 12.4% in local currency terms, the biggest quarterly gain since the rebound from the financial crisis in 2009.

March 31, 2019 Bookmark the Web Page, Q1 2019 Commentary – Mackenzie Multi-Asset Strategies Team Add to My Bookmarks

Tags: Commentaries, Mackenzie Monthly Income Conservative Portfolio, Symmetry Balanced Portfolio Class, Symmetry Balanced Portfolio, Symmetry Conservative Income Portfolio Class, Symmetry Conservative Income Portfolio, Symmetry Conservative Portfolio Class, Symmetry Conservative Portfolio, Symmetry Equity Portfolio Class, Symmetry Fixed Income Portfolio, Symmetry Growth Portfolio Class, Symmetry Growth Portfolio, Symmetry Moderate Growth Portfolio Class, Symmetry Moderate Growth Portfolio

Q4 2018 Commentary – Mackenzie Multi-Asset Strategies Team

After a long run of calm and generally up-trending equity markets, 2018 proved to be considerably more volatile, with three violent, successive selloffs in February, October, and December.

December 31, 2018 Bookmark the Web Page, Q4 2018 Commentary – Mackenzie Multi-Asset Strategies Team Add to My Bookmarks

Tags: Commentaries, Mackenzie Monthly Income Balanced Portfolio, Mackenzie Monthly Income Conservative Portfolio, Symmetry Balanced Portfolio Class, Symmetry Balanced Portfolio, Symmetry Conservative Income Portfolio Class, Symmetry Conservative Income Portfolio, Symmetry Conservative Portfolio Class, Symmetry Conservative Portfolio, Symmetry Equity Portfolio Class, Symmetry Fixed Income Portfolio, Symmetry Growth Portfolio Class, Symmetry Growth Portfolio, Symmetry Moderate Growth Portfolio Class, Symmetry Moderate Growth Portfolio, Mackenzie Multi-Asset Strategies Team

Q3 2018 Commentary – Mackenzie Multi-Asset Strategies Team

‘The U.S. vs. the World’ was one of the key themes that emerged in Q3. Equities continued to outperform bonds over the quarter, with the MSCI ACWI returning 4.7% in local currencies and 2.5% in CAD terms. This compares favorably to -0.2% on the Bloomberg Barclays Global Aggregate Bond Index hedged to CAD and -1.1% on the equivalent Canadian bond index.

November 1, 2018 Bookmark the Web Page, Q3 2018 Commentary – Mackenzie Multi-Asset Strategies Team Add to My Bookmarks

Tags: Commentaries, Mackenzie Monthly Income Balanced Portfolio, Mackenzie Monthly Income Conservative Portfolio, Symmetry Balanced Portfolio Class, Symmetry Balanced Portfolio, Symmetry Conservative Income Portfolio Class, Symmetry Conservative Income Portfolio, Symmetry Conservative Portfolio Class, Symmetry Conservative Portfolio, Symmetry Equity Portfolio Class, Symmetry Fixed Income Portfolio, Symmetry Growth Portfolio Class, Symmetry Growth Portfolio, Symmetry Moderate Growth Portfolio Class, Symmetry Moderate Growth Portfolio, Mackenzie Multi-Asset Strategies Team

Q2 2018 Commentary – Mackenzie Asset Allocation Team

The theme of higher volatility, which began in the first quarter, continued through the second. Equities outperformed bonds over the quarter, but it was not smooth sailing as markets reacted, sometimes forcefully, to signs of a slowdown in global growth or to political events.

June 30, 2018 Bookmark the Web Page, Q2 2018 Commentary – Mackenzie Asset Allocation Team Add to My Bookmarks

Tags: Commentaries, Mackenzie Monthly Income Balanced Portfolio, Mackenzie Monthly Income Conservative Portfolio, Symmetry Balanced Portfolio Class, Symmetry Balanced Portfolio, Symmetry Conservative Income Portfolio Class, Symmetry Conservative Income Portfolio, Symmetry Conservative Portfolio Class, Symmetry Conservative Portfolio, Symmetry Equity Portfolio Class, Symmetry Fixed Income Portfolio, Symmetry Growth Portfolio Class, Symmetry Growth Portfolio, Symmetry Moderate Growth Portfolio Class, Symmetry Moderate Growth Portfolio, Mackenzie Multi-Asset Strategies Team

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Video Commentary