Mackenzie Investments continues to deliver strong investment performance by drawing on more than 50 years of experience, insights and expertise in the Asset Management sector.
Mackenzie Investments delivered on strategy in 2020, with new products and tools at a time when advisors and their clients needed them most. The firm also continued to provide the best possible support – research, investment advice, asset options – to ensure no advisor or client was left behind during the year. As a direct result, it maintained its positive momentum and posted excellent results.
Mackenzie also made three strategic investments in 2020, including:
Becoming One of Canada’s Largest Asset Managers
In August, Mackenzie announced a definitive agreement to acquire GLC Asset Management Group Ltd., a subsidiary of The Canada Life Assurance Company. This made Mackenzie one of the top three providers of investment solutions to defined contribution plans and other group retirement offerings in Canada. Further, it increased Mackenzie’s total AUM to $186.8 billion at December 31, 2020, solidifying its position as one of Canada’s largest asset managers.
Opening Up Private Equity Opportunities to More Canadians
In October, Mackenzie established a strategic relationship to increase its presence in the growing private markets investment industry. With sister company GreatWest Lifeco Inc., Mackenzie acquired an interest in Northleaf Capital Partners. Northleaf is a global private markets investment firm with $15 billion in private equity, private credit and infrastructure assets under management. The transaction expands Mackenzie’s abilities to offer global private equity, private credit and infrastructure investments through our retail advisory channels and financial institution distribution partners.
Responding to Canada’s Strong Desire for Socially Responsible Investments
In December, Mackenzie entered into an agreement to acquire Greenchip Financial Corp., a top-performing Canadian firm focused on the environmental economy. Greenchip invests exclusively in companies selling products that support the transition towards sustainable energy.
Helping Our Community
Mackenzie employees and clients also continued their invaluable support, both financially and through volunteer activities. The Mackenzie Investments Charitable Foundation coordinates our charitable giving and volunteer activities. Supporting charities across Canada, with a special focus on women, children and youth at risk, the Foundation has donated $12.8 million since it was created in 1999.