The Invested

Lesley & Steve on Inflation’s Impact and Outlook for the Remainder of 2022

In this episode, host Matthew Schnurr joins Lesley Marks, CIO of Equities, and Steve Locke, CIO of Fixed Income & Multi-Asset Strategies.  

Together, they discuss expectations for the balance of 2022, what’s happened year to date, inflation, and equity markets. 

Learn by Key Topics: 

(1:00)  Views on Inflation, Central Banks’ Responses & its General Impact 

(4:00)  Expectations for 2022 for Equity Markets 

(6:27)  Views on Unemployment Rates, Spending, Consumer Confidence & Impact 

(8:28)  Rate Increases vs. Inflation  

(13:17)  Current Position on Canada 

(17:38)  Views on Emerging Markets 

(21:35)  View on Bank of Canada’s Responses & Outlook 

(24:57)  Views on a Possible Recession in the Next 12 Months 

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com 

Luke Gould on His Next Role as The CEO of Mackenzie Investments

In this episode, host Matthew Schnurr joins Luke Gould, Executive Vice-President and Chief Financial Officer for IGM Financial Inc.  

Together, they explore what Luke Gould is looking forward to over the next 6 years and beyond as he steps into his next role as CEO of Mackenzie Investments. 

Learn by Key Topics: 

(1:24)  How Mackenzie Plans to Retain its Position as The Employer of Choice 

(2:21)  Framework of Equity, Diversity & Inclusion When Building Our Teams 

(4:32)  Key Characteristics Mackenzie Looks at When Hiring Talent 

(5:46)  The Future of Work – Work, Hybrid & Work-From-Home 

(8:22)  Views on Regulations, Products, and Outlook 

(10:01) The Merger of IIROC and MFDA and its Effect on Their Cultures 

(11:54) Outlook on Mergers and Acquisitions 

(14:13)  Views on Interest Rates & Inflation 

(16:52)  Inflation & Migrating to Private Investments 

(18:28)  Thoughts on Taking Reigns as the Next CEO of Mackenzie 

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com 

Barry McInerney on His 6 Years at Mackenzie Investments & His Legacy

We are celebrating our 100th episode!

In this special episode, host Matthew Schnurr joins Mackenzie's CEO, Barry McInerney just before his retirement in July. 

Together, they reflect on the last 6 years of his career at Mackenzie Investments.

  

Learn by Key Topics:  

(0:54)  Views on Canadian Wealth Segments from Boomers to Gen Z 

(7:23)  How has Talent & Culture changed within Mackenzie 

(14:38)  Actions that re-shaped Diversity, Equity, and Inclusion 

(21:13)  Adjusting to the Pandemic Era and the Hybrid Model 

(29:44)  Reflections on 6 Years of Acquisitions 

(40:12)  Barry McInerney's Legacy at Mackenzie Investments   

 

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com 

Dustin Reid on the Recent Fed Meeting and Long-Term Inflation Expectations

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid. 

Together, they explore the recent fed decisions to raise interest points by 75 basis points, what’s happening in Europe and Japan, and how all these affect the portfolio. 

 

Learn by Key Topics: 

(0:56)  Thoughts on Inflation and Yesterday's Fed Meeting  

(5:36)  Correlation of Long-term Inflation Expectations and Headline CPI  

(9:47)  Views on a Potential Recession (Labour Market, Consumer Demand, etc.) 

(15:05)  European Central Bank and Views on Europe 

(19:50)  Views on Inflation in Japan and Bank of Japan 

(26:25) U.S. Treasuries and Outlook on Inflation   

 

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

 

Richard Wong on Value Investing & Why 2022 is the Beginning of the Value Cycle

In this episode, host Matthew Schnurr joins Richard Wong, SVP, Portfolio Manager, and Head of the Cundill Team at Mackenzie. 

Together, they explore value investing and how macroenvironment conditions affect the cycle during the pandemic era. 

 

Learn by Key Topics: 

(1:05)  Views on Current Macroenvironment Conditions Allowing for the Optimism in Value 

(6:29)  Value Stocks & Inflation 

(9:36)  Views on Commodities from Fossil Fuels to Renewable Energy 

(12:55)  Electric Vehicles (EVs), Consumer Demand, Key Players, and the Global Outlook 

(15:51)  What Our Team is Monitoring When Investing in the EV Space 

(18:15)  Opportunities in the Opening Trade 

(21:20)  How Views on Value Has Changed Over the Years 

 

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com 

Lesley Marks on the Canadian Economy, Europe Amidst War and ESG

In this episode, host Matt Schnurr joins Mackenzie's Lesley Marks, Chief Investment Officer of Equities. She oversees the investment professionals involved in the day-to-day management of Mackenzie funds across the firm’s 12 equity boutiques with more than $65 billion of Mackenzie’s assets under management.  

 

Together, they explore the Canadian economy (trends within the labor market and consumer spending), the stock market, the war in Ukraine and its impact on Europe, and ESG. 

 

Learn by Key Topics: 

(0:55)  Trends in Canadian Economy & Recession 

(6:20)  Equity Market – Are we at Maximum Pain? 

(12:17)  Recession Fears in Europe 

(15:18)  Views on Trends within ESG 

  

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com 

Todd Mattina revisiting the Modern Monetary Theory

In this episode, host Matthew Schnurr joins Todd Mattina, Chief Economist and co-lead of Mackenzie’s Multi-Asset Strategies Team. Together, they revisit the Modern Monetary Theory, comparing pre-pandemic times to what's happening right now from a global standpoint.

 

Learn by Key Topics:

 

(1:02)  What is Modern Monetary Theory (MMT)

(3:51)  Mainstream Economic Community vs. MMT

(6:05)  Policy & Bank Response for MMT

(8:35)  Differences with 'Traditional' MMT responses

(12:13)  Risks with MMT

(25:11)  Why Modern Monetary Theory may not be a Viable Strategy

 

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

Darren McKiernan on Pandemic Portfolio Positioning & the Current State of the Tech Market

In this episode, host Matthew Schnurr joins Darren McKiernan. He leads Mackenzie’s Global Equity & Income Team and he is also the lead manager of the Mackenzie's Global Dividend Fund.

Together, they explore all the moves Darren has made to re-position portfolios with a bottom-up approach. They also discuss views on technology companies, their valuations, and opportunities within this space.

 

Learn by Key Topics:

(1:00)  History of Portfolio Changes during the Pandemic to Now  

(17:39) Views on Technology from the Pandemic to Post-Pandemic Climate

 

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

Dustin Reid on the Fed, Bank of Canada and China’s Economic Slowdown

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Learn about:

(0:57)  Thoughts on last week's Fed meeting and bond markets

(6:50)  Views on Neutral Rate's potential increase

(10:34)  Impact of Quantitative Tightening 

(16:51)  Fed vs. Bank of Canada

(23:52)  COVID-19 & China's economic slowdown

(30:12)  How these affect Portfolio Management for the Fixed Income Team

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

Will Aldridge on investing in Canadian equity and resources

In this episode, host Matt Schnurr joins Mackenzie's William Aldridge, VP North American Equities.

Learn about:

(0:57)  Initial thoughts on Canada

(2:55)  How he approaches investing and managing portfolios

(5:17)  Macro view of investing in Canada

(8:01)  How the team allocates to small vs. mid vs. large caps

(10:54)  How the team incorporates resources in portfolios

(16:40)  Outlook for energy with green transition and climate change

(19:30)  Pockets of opportunities in Canadian caps and sectors

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com