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 | 0.22% | 2.49%

Net Assets

Sep 18, 2020

C$20,435,833

Units Outstanding

Sep 18, 2020

900,000

Risk Tolerance

Med

Fund Risk Measures

(3 years) | (Aug 31, 2020)

  • Annualized Standard Deviation

    11.150

  • Sharpe Ratio

    0.250

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 (Aug 31, 2020)

23.44x

P/B Ratio (Aug 31, 2020)

2.50x

Trailing 12 - Month Yield (Aug 31, 2020)

5.07%

Distribution Yield (Aug 31, 2020)

2.56%

Last Paid Distribution (Sep 29, 2020)

C$0.057

Record Date

Sep 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

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).