Q: For global exposure to materials, what do you think about this Mackenzie fund?
5i Research Answer:
Fees are on the high side at 1.02% but we would consider it a decent fund. 10-year return is solid at 14.6% and since-inception is 10.9%. It has had some down years, with a very bad 2008, but 2022 was inline with other markets. It is Canada-heavy, at 46%, but has decent otherwise global representation (the US 13%). We are very comfortable with its listed holdings and overall performance and set up.