Mackenzie Ivy Team

Meeting long-term goals with long-term thinking

Our team

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Our insights

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Our funds & awards

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We aim to achieve long-term growth through careful and patient investment. Refined over 30 years, our approach to investing is time-tested and trusted, protecting capital and helping investors reach their long-term goals.

A 10-year view

We look for companies that are positioned to perform over the next decade, not just the next quarter. We target businesses that are likely to have steady earnings thanks to their proven products and services, ability to innovate, and strong leadership as we believe this allows us to generate more consistent returns.

Quality that lasts

Through rigorous research and analysis, we identify high-quality companies that can endure, driven by competitive advantages and strong corporate cultures. We curate a watchlist of hundreds of global stocks, waiting for the right opportunity at the right price.

Seeking growth with less volatility

Managing downside risk is a key part of growth. Our disciplined and patient approach aims to smooth the investment journey. By striving to outperform in down markets and participate enough in bull markets, we expect to achieve above-average compound returns over a full market cycle.

Meet our team

Paul Musson, CFA

Senior Vice President, Portfolio Manager, Head of Team
Mackenzie Ivy Team

Joined Mackenzie in 2000; investment experience since 1992

  • Paul has led the Mackenzie Ivy Team since 2009, after nine years as a portfolio manager on the team
  • Previously worked for the brokerage arm of a large Canadian bank for four years in institutional sales, with a focus on international equities
  • BComm in Finance from Concordia University

Matt Moody, MBA, CFA

Vice President, Portfolio Manager
Mackenzie Ivy Team

Joined Mackenzie in 2005; investment experience since 1999

  • Specializes in European equities
  • Previously held various investment research and analyst roles for four years at a leading mutual fund firm
  • BBA; International MBA, Schulich School of Business, York University

Hussein Sunderji, MBA, CFA

Vice President, Portfolio Manager
Mackenzie Ivy Team

Joined Mackenzie in 2013; investment experience since 2007

  • Specializes in Asian equities
  • Worked as an equity research associate at two Canadian bank-owned investment dealers for four years, covering the retail, consumer products and technology sectors
  • BSc in Computer Science; MBA, Rotman School of Management, University of Toronto

Graham Meagher, CFA

Vice President, Portfolio Manager
Mackenzie Ivy Team

Joined Mackenzie in 2014; investment experience since 1999

  • Specializes in Canadian and US equities
  • Previously held vice president and equity research analyst roles at a Canadian investment bank
  • BComm from the University of Guelph

James Morrison, MBA, CFA

Vice President, Portfolio Manager
Mackenzie Ivy Team

Joined Mackenzie in 2014; investment experience since 2005

  • Specializes in Canadian equities
  • Worked as an investment banking associate and equity research analyst at an independent investment dealer focused on institutional and corporate clients
  • BBA; MBA in Finance from Dalhousie University

Adam Gofton, CFA

Vice President, Portfolio Manager
Mackenzie Ivy Team

Joined Mackenzie in 2013; investment experience since 2007

  • Specializes in global equities
  • Worked as a research associate analyst for three years at a global investment bank
  • BComm from Queen’s University

Jason Miller, MBA, CFA

AVP, Portfolio Manager
Mackenzie Ivy Team

Joined Mackenzie in 2016; investment experience since 2008

  • Specializes in European equities
  • Worked as an investment analyst for five years at an investment management firm, and two years at an equity research company
  • BSc in Engineering; MBA in Finance, Rotman School of Management, University of Toronto

Marlena Zabielska, CFA

AVP, Portfolio Manager
Mackenzie Ivy Team

Joined Mackenzie in 2021; investment experience since 2012

  • Specializes in Canadian equities
  • Prior to joining Mackenzie, was a portfolio manager overseeing $3 billion in long-only equity assets at an independent investment management firm
  • Honours BA from Ivey School of Business, Western University.

Our insights

The Mackenzie Ivy Team: Our approach towards responsible investing

The Ivy Team’s overall investment philosophy centres on the belief that a concentrated portfolio of high-quality businesses, bought at reasonable prices, will deliver strong, long-term, above-average returns.

Ivy Quarterly Report

An in-depth commentary which includes an overview of the economic backdrop, fund performance and positioning insights.

Awards and rankings

The highest ratings given by the independent investment research firm Morningstar

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

The content of this web page (including facts, views, opinions, recommendations, descriptions of or references to, products or securities) is not to be used or construed as investment advice, as an offer to sell or the solicitation of an offer to buy, or an endorsement, recommendation or sponsorship of any entity or security cited. Although we endeavour to ensure its accuracy and completeness, we assume no responsibility for any reliance upon it.

Morningstar Star Ratings reflect performance of Series F as of February 28, 2022 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 www.morningstar.ca.

Mackenzie Ivy European Fund F, European Equity Category: 3 years - 4 stars (169 funds), 5 years - 4 stars (148 funds), 10 years - 4 stars (67 funds). Mackenzie Ivy Global Balanced F, Global Equity Balanced Category: 3 years - 3 stars (1057 funds), 5 years - 3 stars (832 funds), 10 years - 4 stars (410 funds).