Asset Class Regional Equity

MEU

Mackenzie Maximum Diversification Developed Europe Index ETF

Why invest in this fund?

  • MEU seeks to increase diversification to reduce biases and enhance risk-adjusted returns.
  • Enhances diversification in European equity markets to avoid concentration, protect value and maintain exposure to all sources of potential future return.
  • Mackenzie Investments now offers TOBAM’s proven, award-winning diversification methodology to all Canadian retail investors.

Key Facts

NAV Changes $ | % | YTD

C$-0.05 | -0.23% | -0.74%

Net Assets

Jul 7, 2020

C$17,591,995

Units Outstanding

Jul 7, 2020

800,000

Risk Tolerance

Med

Fund Risk Measures

(3 years) | (May 31, 2020)

  • Annualized Standard Deviation

    11.510

  • Sharpe Ratio

    -0.080

Management Fee | MER

Sep 30, 2019

0.50% | 0.54%

Index*

TOBAM Maximum Diversification Developed Europe Index

NAV

C$23.37 | C$17.19

Inception Date

Sep 7, 2016

Management Style

Strategic Beta

Eligible for Registered Plans

Yes

CUSIP

55453P100

Exchange

Toronto Stock Exchange

Investment Programs

DRIP

Rebalance Frequency

Quarterly

ETF Characteristics

P/E Ratio (May 31, 2020)

18.85x

P/B Ratio (May 31, 2020)

1.91x

Trailing 12 - Month Yield (May 31, 2020)

6.38%

Distribution Yield (May 31, 2020)

0.74%

Last Paid Distribution (Jun 30, 2020)

C$0.143

Record Date

Jun 23, 2020

Distribution Frequency

Quarterly

Commentary

Performance

On February 28, 2019 this ETF began to track a version of TOBAM Maximum Diversification Developed Europe Index which is calculated net of withholding taxes. 

Index Inception Date: February 28, 2019

Portfolio

Maturity

Historical Data

Index Provider

TOBAM

Mackenzie Maximum Diversification Index ETFs are based on TOBAM Maximum Diversification Index Series created by TOBAM S.A.S.

TOBAM is a Paris-based index provider and institutional asset manager with AUM of US$8B (31/12/15).