Asset Class Regional Equity

MEU

Mackenzie Maximum Diversification Developed Europe Index ETF

Why invest in this fund?

  • MEU seeks to increase diversification to reduce biases and enhance risk-adjusted returns.
  • Enhances diversification in European equity markets to avoid concentration, protect value and maintain exposure to all sources of potential future return.
  • Mackenzie Investments now offers TOBAM’s proven, award-winning diversification methodology to all Canadian retail investors.

Key Facts

NAV Changes $ | % | YTD

C$0.08 | 0.34% | 2.92%

Net Assets

Feb 14, 2020

C$20,789,421

Units Outstanding

Feb 14, 2020

900,000

Risk Tolerance

Med

Fund Risk Measures

(3 years) | (Jan 31, 2020)

  • Annualized Standard Deviation

    9.330

  • Sharpe Ratio

    0.760

Management Fee | MER

Sep 30, 2019

0.50% | 0.54%

Index*

TOBAM Maximum Diversification Developed Europe Index

NAV

C$23.37 | C$20.93

Inception Date

Sep 7, 2016

Management Style

Strategic Beta

Eligible for Registered Plans

Yes

CUSIP

55453P100

Exchange

Toronto Stock Exchange

Investment Programs

DRIP

Rebalance Frequency

Quarterly

ETF Characteristics

P/E Ratio (Jan 31, 2020)

19.56x

P/B Ratio (Jan 31, 2020)

2.12x

Trailing 12 - Month Yield (Jan 31, 2020)

6.00%

Distribution Yield (Jan 31, 2020)

14.97%

Last Paid Distribution (Jan 3, 2020)

C$0.846

Record Date

Dec 24, 2019

Distribution Frequency

Quarterly

Commentary

Commentary

Quarterly Commentaries

Read the latest Mackenzie Team commentaries to learn about their analysis of key market risks and opportunities. For select funds, quarterly reviews of performance and market conditions are also available.
Commentary

Monthly Commentaries

Mackenzie Investments publishes regular commentaries to help advisors make sense of the markets, review the recent performances of funds and anticipate future outlooks. Read the latest monthly commentaries for more information.

Performance

On February 28, 2019 this ETF began to track a version of TOBAM Maximum Diversification Developed Europe Index which is calculated net of withholding taxes. 

Index Inception Date: February 28, 2019

Portfolio

Maturity

Historical Data

Index Provider

TOBAM

Mackenzie Maximum Diversification Index ETFs are based on TOBAM Maximum Diversification Index Series created by TOBAM S.A.S.

TOBAM is a Paris-based index provider and institutional asset manager with AUM of US$8B (31/12/15).