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Fund Price: $6.85 (as at October 17, 2014)  1-day chg: $.0385 0.57%  YTD: -0.55%

Returns as at September 30, 2014

  Fund Group Avg Index*
1 Month -2.99% -4.38% -4.59%
3 Months -1.14% -0.22% 1.40%
6 Months -5.48% 2.62% 4.41%
1 Year 7.72% 9.38% 16.15%
2 Year Avg 9.31% 6.99% 10.69%
3 Year Avg 6.24% 6.96% 10.60%
4 Year Avg -0.16% -0.11% 3.61%
5 Year Avg 5.52% 2.84% 5.61%
10 Year Avg - 7.59% 9.66%
15 Year Avg - 5.09% 7.36%
20 Year Avg - 3.97% 4.47%
Since Inception -4.75% - -
 
2013 9.70% 1.26% 3.94%
2012 12.32% 13.45% 15.61%
2011 -29.72% -19.93% -16.42%
 
3 year risk 13.08 13.57 12.28
3 year beta 0.79 0.98 1.00

*MSCI Emerging Markets Free ($ Cdn)

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the MSCI Emerging Markets Free ($ Cdn).

Risk Measures as at September 30, 2014

Best/Worst 12 months (since inception)
Best (ending Mar 10): 73.57 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Dec 08): -64.83 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 13 High

Fund Objectives

The Fund pursues long-term capital growth by investing mainly in equity securities of companies in emerging markets. For the purposes of this Fund, the portfolio managers define emerging markets as any country other than the developed markets of Australia, Canada, Japan, New Zealand, the United Kingdom, the United States and Western Europe. Investments can be made in countries that the portfolio managers believe have weak economies and/or unsophisticated markets. The Cundill investment approach is based on a fundamental value philosophy: invest in securities which are trading below their estimated intrinsic value, determined by analyzing financial statements, business prospects, management strengths and potential catalysts to realize security holder value. Any change to the investment objectives must be approved by a majority of votes cast at a meeting of security holders held for that reason.

Fund Facts

Fund Sponsor: Mackenzie Investments
Managed by: Mackenzie Investments
Fund Type: MF Corp
Inception Date: March 2007
Asset Class: Emerging Markets Equity
Quartile Rank: 3 (3YR ending September 30, 2014)
Total Assets: N/A
Mgmt Exp. Ratio (MER): 2.88%
Management Fee: 2.25%
Load Type: Optional
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$100
Min. Invest (initial RRSP):
$500
Subsequent RRSP:
$100
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation June 30, 2014

Equity Sector Weightings June 30, 2014

Fund Geography June 30, 2014

Top Holdings as at June 30, 2014

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at October 20, 2014
1 Year Performance (%)
- HongKong Chinese Limited Investment Companies and Funds Hong Kong Stock 9.49   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Tian AN China Investments Property Mgmnt & Investment China Stock 5.72   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- PT Clipan Finance Indonesia Finance and Leasing Indonesia Stock 5.56   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Magnificent Estates Limited Property Mgmnt & Investment Hong Kong Stock 4.92   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Raven Russia Ltd. Property Mgmnt & Investment United Kingdom Stock 4.71   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Lai Fung Holdings Property Mgmnt & Investment Hong Kong Stock 4.69   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- China Merchants Hldgs Pacific Other Services Singapore Stock 4.4   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Filinvest Land Inc. Developers Philippines Stock 4.33   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Welling Holding Investment Companies and Funds China Stock 3.62   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Wasion Group Holdings Electrical Utilities Hong Kong Stock 2.9   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Portfolio Manager(s)

James P. Morton

Mackenzie Investments

Start Date: April, 2007

Fund Return: -4.75%

James Morton is an experienced investment advisor, investment fund manager and financial writer with more than 25 years in the financial services sector. He has extensive expertise in recovering companies, particularly smaller company situations. James holds a Law degree with Honours from Trinity Hall, Cambridge University (1975), a M.A. from Stanford Food Research Institute (1979) and a M.B.A. from Stanford Graduate School of Business (1979). He is the Director, CIM Investment Management Limited.

Also manages:Mackenzie Cun Recovery Sr C

View fund manager performance report