Mackenzie Resources and Energy Evolution Team

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The resources the world relies on. The solutions reshaping how they are used.

The world is entering a more resource-intensive phase of growth, driven by rising population, energy security, AI, electrification and infrastructure buildout. The Mackenzie Resources and Energy Evolution Team has specialist capabilities across natural resources, metals, energy systems and environmental solutions, to help investors access the companies supplying today’s economy and building what comes next.

Specialized depth where generalists may not go.

With decades of experience covering companies across metals, materials, natural resources and environmental solutions, the team ‘connects the dots’ to uncover opportunities often overlooked by generalist investors.

Two disciplines that strengthen each other.

The team combines the capital-cycle discipline of resource investing with the structural-growth lens of environmental investing, offering diverse sources of return across cyclical and long-term themes.

A differentiated lens on risk and value.

The team applies the distinct scientific and sustainability analysis required to effectively identify mispriced opportunities and surface short- and long-term risks in the resources and environmental solutions space.

Meet our team

Benoit Gervais, MSc,CFA

Managing Director, Co-head of Mackenzie Resources and Energy Evolution Team
Mackenzie Resources and Energy Evolution Team

Investment experience since 2001

Benoit Gervais, Senior Vice President, Investment Management, is Portfolio Manager and Co-head of Mackenzie Resources and Energy Evolution Team. Benoit has expertise in the diversified resource sector.

Benoit’s career in the investment industry began in 2001, when he joined Mackenzie Investments as an Investment Analyst. Prior to joining Mackenzie Investments, Benoit gained valuable experience working for various organizations in the mining sector.

Benoit has a BEng from the École Polytechnique and McGill University, as well as an MSc (Mineral Economics) from the Colorado School of Mines. He is also a CFA charterholder.

Gregory Payne, PhD, CFA

Managing Director, Co-head of Mackenzie Resources and Energy Evolution Team
Mackenzie Resources and Energy Evolution Team

Investment experience since 1999

Joined Mackenzie in 2021; investment experience since 1999.

Greg has more than 20 years of experience in the financial industry, including over a decade focused on environmental sectors. Before co-founding Greenchip in 2007, he managed retail and institutional assets at a large capital management firm.

Greg earned an Honours BSc in Statistics and an MA and PhD in Economics from the University of Toronto.

John A. Cook, CIM

Managing Director, Portfolio Manager
Mackenzie Resources and Energy Evolution Team

Investment experience since 1991

Joined Mackenzie in 2021; investment experience since 1991.

John brings more than 30 years of experience across mutual funds, venture capital and social finance. Before co-founding Greenchip in 2007, he served as president of one of Canada’s largest innovation hubs and held several executive positions with Canadian mutual fund companies.

John earned a BA from Queen’s University and holds the Chartered Investment Manager (CIM) designation.

Onno Rutten, MSc,MBA

Vice President, Portfolio Manager
Mackenzie Resources and Energy Evolution Team

Investment experience since 2003

Onno Rutten, Vice President, Investment Management, Portfolio Manager

Onno’s career in the investment industry began in 2003. He joined Mackenzie Investments in 2011. Prior to joining Mackenzie Investments, Onno was a precious and base metals Equity Research Analyst and Executive Director at a large global financial services firm in Toronto. During those years, Onno developed a reputation for his detailed modeling and market judgment in commodities and equities. From 1996 to 2001, he was a Senior Process Engineer in hydrometallurgy and minerals processing for a leading global engineering consulting firm, and designed and audited mines in Africa, Australia and Canada.

Onno holds an MSc (Mining and Petroleum Engineering) from Delft University (the Netherlands), as well as an MBA from INSEAD (France).

     

Our insights

Insight

The myth of abundance: enemy of sustainability and friend of the value investor

Quarterly insights – Q2 2026

The promise of limitless growth often overlooks the physical limits of energy, infrastructure and materials. John Cook explains why scarcity may be an inconvenient truth for markets, but a useful lens for value investors.

Podcast

Benoit Gervais - Energy sovereignty is reshaping how markets price risk

Prolonged conflict can leave a lasting mark on how markets assess energy risk. Benoit Gervais discusses how geopolitical instability can accelerate energy sovereignty, reshape supply chains and reinforce the need for infrastructure and domestic capacity.

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    FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the “best of the best” among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score 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 a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.

    Mackenzie Global Resource Fund Series A was recognized for outstanding fund performance at the 2025 Fundata FundGrade A+® Awards in the Natural Resources Equity category out of a total of 27 funds. Performance for the fund for the period ended December 31, 2025 is as follows: 44.9% (1 year), 19.0% (3 years), 23.5% (5 years), 13.0% (10 years) and 9.0% (since inception- January 1978).

    Mackenzie Precious Metals Fund Series A was recognized for outstanding fund performance at the 2025 Fundata FundGrade A+® Awards in the Precious Metals Equity category out of a total of 18 funds. Performance for the fund for the period ended December 31, 2025 is as follows: 172.9% (1 year), 53.9% (3 years), 25.5% (5 years), 26.2% (10 years) and 14.4% (since inception- October 2000).

    The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60, and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by LSEG Lipper.

    Mackenzie Precious Metals Fund (Series F) was awarded the LSEG Lipper Fund Awards Canada 2025 Winner for Best Precious Metals Equity Fund Over Three Years. Performance for the fund for the period ended December 31, 2025, is as follows. 172.9% (1 year), 53.9% (3 years), 25.5% (5 years), 26.2% (10 years) and 14.4% (since inception October 2000).

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