Thematic investing in a new macro regime: why active management matters now
Quarterly insights – Q1 2026
The Mackenzie Greenchip Team focuses on the environmental economy, investing in companies at the forefront of the energy transition. The team seeks value in a growth space, investing with integrity and purpose.
The Mackenzie Greenchip Team believes that changing demographics, resource scarcity and environmental degradation could drive extraordinary opportunities and new risks for investors. As resource and environmental issues become more challenging, they believe prices will be forced to adjust and strong “blue chip” companies operating in the green economy will be in high demand.
Greenchip applies focused due diligence with the intention of holding stocks when they see significant discounts to intrinsic value. Having focused exclusively on environmental sectors since 2007, the team has developed a deep understanding of these sectors and are confident that through their sustainability thesis, and proven value discipline, they can continue to pursue superior returns for investors.
The Mackenzie Greenchip Team manages global environmental all cap equity strategies. Their environmental thematic strategies focus on clean energy, energy efficiency, cleantech, water, sustainable agriculture and sustainable transportation.
Eligible investors can access these strategies through a variety of investment vehicles, including separately managed accounts, Canadian pooled funds and a Cayman Islands fund.
The Mackenzie Greenchip Team is led by John Cook and Greg Payne, experienced value managers focused exclusively on the environmental economy since 2007.
As we start a new year, we would like to share our thoughts on the Greenchip strategy, providing an overview of how things went in 2024 and why we are optimistic about the opportunities that lie ahead in 2025.
Despite a historic $2 trillion USD investment in clean energy in 2024, it is only half of what's needed to stabilize global emissions. What are the forces hindering progress?
Despite growing protectionism and policy challenges, the energy transition remains robust, driven by global, persistent forces and increasing capital investment. Current negative sentiment could present a unique valuation opportunity.
