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$-0.30 | -1.31% | -4.18%
Net Assets
Mar 5, 2021
C$32,112,117
Units Outstanding
Mar 5, 2021
1,400,000
Risk Tolerance
Med
Fund Risk Measures
(3 years) | (Jan 31, 2021)
-
Annualized Standard Deviation
12.270
-
Sharpe Ratio
0.230
Management Fee | MER
Mar 31, 2020
0.50% | 0.55%
Index*
TOBAM Maximum Diversification Developed Europe Index
NAV
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 (Jan 31, 2021)
25.01x
P/B Ratio (Jan 31, 2021)
2.57x
Trailing 12 - Month Yield (Jan 31, 2021)
1.19%
Distribution Yield (Jan 31, 2021)
0.75%
Last Paid Distribution (Dec 31, 2020)
C$0.045
Record Date
Dec 22, 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
Resources
Fund Materials
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Feature Page – Mackenzie Maximum Diversification Developed Europe Index ETF pdf 200KB
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Brochure - Mackenzie Maximum Diversification Index Exchange Traded Funds pdf 1976KB
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Investor page - Why you need enhanced diversification pdf 284KB
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ETF strategy brochure - Invest across the ETF spectrum pdf 384KB
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ETF Fact Sheet – Mackenzie Maximum Diversification Developed Europe Index ETF (MEU) pdf 471KB
Regulatory Documents
- Fund Facts
- Prospectus & Annual Information Form
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PFIC Annual Information Statement 2019 - Mackenzie Maximum Diversification Developed Europe Index ETF pdf 102KB
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Quarterly Portfolio Disclosure – 1st Quarter – Mackenzie Maximum Diversification Developed Europe Index ETF pdf 148KB
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Financial Statements – Semi-annual – Mackenzie Maximum Diversification Developed Europe Index ETF pdf 920KB
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Financial Statements – Annual – Mackenzie Maximum Diversification Developed Europe Index ETF pdf 919KB
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MRFP – Annual – Mackenzie Maximum Diversification Developed Europe Index ETF pdf 191KB
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MRFP – Semi-annual – Mackenzie Maximum Diversification Developed Europe Index ETF pdf 233KB
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Quarterly Portfolio Disclosure – 3rd Quarter – Mackenzie Maximum Diversification Developed Europe Index ETF pdf 115KB
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).
Fund feature page
Learn how this Fund can be a valuable component for the construction of your clients’ portfolios.
Monthly Commentaries
Mackenzie Investments publishes regular commentaries to help advisors make sense of the markets, review the recent performances of funds and anticipate future outlooks. Read the latest monthly commentaries for more information.