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Get perspectives on today’s markets. Join Mackenzie’s Chief Investment Officer, portfolio managers and investment strategists where they provide in-depth perspectives and timely insights on key trends that affect today’s markets and investment portfolios.
249 Episodes
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In this episode, Dustin Reid, Chief Fixed Income Strategist, unpacks diverging views at the Fed, Canada’s steady hand on rates, and Japan’s rising fiscal risks. Dustin shares how his team is positioning portfolios amid “thickening fog” in the data, why he expects the Fed to hold in December, and where he still finds value in short-term Canadian bonds and emerging markets.
This episode was recorded on November 20, 2025.
In this episode, Dustin Reid, Chief Fixed Income Strategist, breaks down the latest rate cuts from the Federal Reserve and the Bank of Canada—and what they mean for advisors building resilient portfolios. Dustin explains why the Fed’s pushback on further easing and the Bank of Canada’s move to the bottom of its neutral range could shape opportunities across the yield curve. He also shares how his team is positioning in short-term Canadian bonds, managing duration risk, and balancing exposure between developed and emerging markets.
Thanks for listening—and as always, stay invested.
This episode was recorded on October 29, 2025.
In this episode, Gleb Sivitsky, Portfolio Manager on Mackenzie's Multi-Asset Strategies Team, discusses how thoughtful portfolio construction can help reinforce discipline. He explains why investor mistakes rarely stem from a single decision—it's often a combination of behaviours, like chasing performance or selling at the wrong time. Gleb explores how modern solutions—from model portfolios to ETF portfolios to asset allocation ETFs—can help clients stay invested for the long term.
Thanks for listening—and as always, stay invested.
This episode was recorded on October 21, 2025.
In this episode, Katherine Owen, Portfolio Manager with Mackenzie’s Global Equity & Income Team, shares her perspective on navigating today’s complex market. She discusses the resilience of the US economy, the growing divide between AI-driven mega-cap leaders and the broader market, and where her team is finding compelling opportunities abroad. Advisors will also hear about the key risk investors may be overlooking as they build diversified portfolios.
Thanks for listening—and as always, stay invested.
This episode was recorded on October 20, 2025.
In this episode, Laurent Boukobza, ETF Strategist at Mackenzie Investments, explains why diversification is more important than ever. He explores ETF strategies that can help manage concentration risk and strengthen portfolio resilience. He discusses the growing importance of international diversification, the rising interest in active ETFs in Canada, and the value of a disciplined, repeatable investment process in volatile markets. From factor-based strategies – like quality and low volatility – to the role of Mackenzie’s US Alpha Extension ETF, Laurent shares practical insights for building more resilient portfolios in a market driven by a narrow group of leaders.
This episode was recorded on October 1, 2025.
In this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the 25 basis point rate cuts from both the Fed and Bank of Canada – highlighting Fed Chair Jerome Powell’s “insurance cut” framing and labour market pressures. He also explores the BoC’s outlook amid persistent economic slack. Dustin shares how these developments are shaping the team’s positioning, including duration, spreads, and FX, and reflects on the key risks that could test market resilience and global carry strategies in the months ahead.
This episode was recorded on September 17, 2025.
In this episode, David Ross, Managing Director and Head of Private Credit at Northleaf Capital Partners, unpacks the structural shifts driving private credit's growth and why mid-market opportunities remain attractive. He explains the fundamentals of the asset class, how it complements traditional fixed income, and the risks advisors should keep in mind as the asset class continues to mature. David also shares his insights on the potential impact of a Fed easing cycle.
This episode was recorded on September 4, 2025.
In this episode, Michael Williamson, Portfolio Manager of the Multi-Asset Strategies Team, explores why traditional sector rotation may no longer fit today’s complex markets. He explains how blurred sector lines call for a new framework to assess economic sensitivity and introduces Mackenzie’s Cyclical Tilt and Defensive Tilt ETFs as innovative tools for smarter portfolio positioning.
This episode was recorded on August 14, 2025.
In this episode, Dustin Reid, Chief Fixed Income Strategist, shares his insights on two key macro developments that could reshape the Fed’s policy trajectory: July’s softer-than-expected US CPI print and significant downward revisions to recent job numbers. Dustin explains why these data points have prompted several Fed officials to warm to the idea of a September rate cut, and how tariff-related inflation, slowing private payrolls, and shifting rate expectations are influencing markets.
This episode was recorded on August 13, 2025.
In this episode, Lesley Marks, Chief Investment Officer of Equities, discusses the equity market's surprising resilience, driven by strong corporate earnings, sustained buybacks, and market optimism around potential Fed rate cuts. She explores risks beneath the surface: stretched US valuations, a near-zero equity risk premium, and the concentration in mega-cap tech stocks. Lesley also touches on quality factors in corporate earnings, recent US and Canadian jobs data, and how evolving trade dynamics could shape the economic outlook ahead.
This episode was recorded on August 11, 2025.
In this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the Fed's decision to hold rates, emphasizing Chair Powell's unexpectedly hawkish tone and the rare dissent among governors. He also examines the Bank of Canada's shifting stance on core inflation, subdued Q2 growth expectations, and the added uncertainty posed by Canada-US trade negotiations. Dustin outlines the team's current portfolio strategy, including a structurally weaker US dollar view, tactical duration positioning across regions, and selective emerging market exposure – particularly in Mexico and Brazil.
This episode was recorded on July 31, 2025.
In this episode, Matt Goodwin, Head of Fixed Income Product Strategy, discusses how advisors can navigate persistent market volatility through strategic use of liquidity tools, short-term fixed income, and inflation-protected ETFs. He examines the shifting role of cash in portfolio construction and outlines the advantages of active management in short-duration credit. Matt also provides a framework for building resilient liquidity sleeves that can adapt to evolving market conditions. With heightened volatility, uneven rate expectations, and inflation that remains stubbornly elevated, today's environment demands a more deliberate and dynamic approach to liquidity.
This episode was recorded on July 22, 2025.
In this episode, Arup Datta, Head of the Mackenzie Global Quantitative Equity Team, discusses the newly launched US Alpha Extension fund and Canada-focused strategies designed to bring institutional quantitative investing to retail investors. He explains why Canadian and international markets offer compelling alpha potential and outlines how the team’s all-weather investment process – grounded in value, growth, and quality factors – seeks to deliver consistent alpha across market cycles. Arup also shares how AI and machine learning is enhancing the team’s stock selection process, and he reflects on the strong performance and emerging value opportunities in US large caps.
This episode was recorded on July 2, 2025.
In this episode, Konstantin Boehmer, Portfolio Manager and Head of Fixed Income, shares his outlook on central bank policy heading into the summer. He discusses the Fed's cautious stance as it navigates persistent inflation and slowing growth, highlighting the critical role of labour market data in shaping future decisions. Konstantin also examines the evolving market perception of the “One Big Beautiful Bill,” explaining why fiscal concerns may be overstated and how bond markets are adjusting. Finally, he explores the potential for future rate cuts by the Bank of Canada and flags key risks on the horizon, from rising geopolitical tensions to renewed tariff pressures.
This episode was recorded on June 19, 2025.
In this episode, Laurent Boukobza, ETF Strategist at Mackenzie Investments, discusses how covered call and active international equity ETFs are being used to generate income and manage risk amid higher rates and global uncertainty. He shares insights on the benefits of Canadian-listed active ETF strategies, the case for international diversification, and best practices for evaluating ETF liquidity.
This episode was recorded on June 16, 2025.
In this episode, Dustin Reid, Chief Fixed Income Strategist, provides a timely analysis of recent US fiscal and monetary policy developments. Dustin examines the Fed's decision to hold rates steady while highlighting ongoing debates around economic growth, inflation pressures, and the impact of tariffs. He also provides an update on the "One Big Beautiful Bill" explaining how the Congressional Budget Office's relatively deficit-neutral score has helped ease concerns in the bond market. Finally, Dustin shares his views on the growing concerns surrounding the US dollar's safe-haven status amid rising fiscal imbalances and geopolitical risks.
This episode was recorded on June 19, 2025.
In this episode, Shah Khan, Portfolio Manager and Co-Lead of the Mackenzie Bluewater Team, discusses the implications of market concentration in US mega-cap tech and Canada's resource-heavy sectors. He outlines how his team's disciplined, quality-focused strategy that emphasizes durable growth businesses, positions them to navigate economic slowdowns effectively. Shah also shares insights into the team's buy/sell framework, the evolving role of AI in portfolio construction, and why he maintains a cautious stance on the Canadian consumer amid elevated debt levels and persistent interest pressures.
This episode was recorded on June 12, 2025.
In this episode, Lesley Marks, Chief Investment Officer, unpacks the latest developments in US-China trade relations and offers her perspective on the progress of key trade agreements. She also discusses the contentious "One Big Beautiful Bill" and explores its potential impact on capital markets and the broader economy. Finally, Lesley shares her outlook for the US and Canadian economies in the second half of the year, highlighting the key risks and reasons for cautious optimism.
This episode was recorded on June 12, 2025.
ETF investing involves far more than just the MER. In this episode, Markus Otema, Executive Director at CIBC Capital Markets, discusses the often-overlooked drivers of ETF trading costs and their impact on trade execution. He explains how bid-ask spreads can fluctuate based on ETF pricing and market conditions and explores the structural mechanisms that influence ETF costs and liquidity. Markus also shares his best practices for trading ETFs, including the significance of understanding the ETF’s underlying assets and the potential pitfalls of trading during periods of market volatility.
This episode was recorded on May 22, 2025.
In this episode, Caroline Edwards, Senior Client Portfolio Manager at Putnam Investments, offers a comprehensive overview of the newly launched Mackenzie US Value Fund. She explains the fund’s investment philosophy, which centers on a relative value approach to stock selection and details the team’s bottom-up idea generation process – an approach that combines fundamental and qualitative research to build a well-diversified and resilient opportunity set. Caroline also explains how the fund serves as a strong complement to the Mackenzie US All Cap Growth Fund, a strategy that Putnam has successfully managed for Mackenzie for over a decade.
This episode was recorded on May 16, 2025.
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