Website: mackenzieinvestments.com
Head office address (Canada): 180 Queen St. W, Toronto, ON M5V 3K1
Year established: 1967
Ownership structure: subsidiary of IGM Financial Inc. (TSX: IGM), Canadian-owned; part of the Power Corporation of Canada (TSX: POW) group of companies
Target market/client profile: retail and institutional investors, financial advisors, and plan sponsors in Canada and internationally
Number of professional staff: around 1,350
Canadian office locations: Toronto (head office), Montreal, Calgary, and Vancouver
Mackenzie Investments is a Canadian asset management firm based in Toronto with 16 investment boutiques worldwide. The company serves more than one million retail and institutional clients through mutual funds, ETFs, and alternative strategies. Its assets under management and advisement totalled $244 billion as at December 31, 2025.
Mackenzie Financial Corporation launched in 1967 as a Canadian mutual fund company under founder Alex Christ. The firm focused on actively managed funds for retail investors across the country.
Canada's mutual fund market expanded through the 1980s and 1990s, and Mackenzie grew alongside it. That steady rise would lead to a major ownership shift at the start of the 2000s.
Mackenzie Investments was acquired by IGM Financial, one of Canada's largest wealth and asset management groups, in 2001. The deal brought the firm into the Power Corporation of Canada group and widened its distribution reach.
It then built a multi-boutique model over the following years with 16 distinct investment teams. Each team runs its own strategy and research, which covers equities, fixed income, alternatives, and quantitative investing.
The firm moved into sustainable investing in 2020 by acquiring Greenchip Financial Corp., an environmental investment specialist. The deal added a team focused on companies tied to the energy transition.
The company also grew its private market and quantitative capabilities during the same period. Those teams now work from offices in:
Mackenzie Investments launched three new funds in February 2024, including a low volatility ETF and a Shariah-compliant equity fund. Benefits and Pensions Monitor (BPM) covered the launch as part of its growth in quantitative and values-based investing.
The firm's strategists also discuss rate and market outlooks with industry publications. In January 2026, chief fixed income strategist Dustin Reid argued that trade risks and softer demand pointed to Bank of Canada rate cuts.
Mackenzie Investments offers funds, ETFs, institutional strategies, and advisor tools across these areas:
Mackenzie Investments distributes its products through financial advisors and dealer networks across Canada. Its segregated funds are issued through affiliate The Canada Life Assurance Company.
Luke Gould is president and CEO of Mackenzie Investments and has held the role since July 2022. Gould joined the IGM Financial group in 1997 and served as CFO of both IG Wealth Management and Mackenzie. He is a CFA charterholder with a commerce degree from the University of Manitoba.
Gould leads Mackenzie Investments' leadership team:
Mackenzie Investments' governance is overseen at the IGM Financial level as a subsidiary of the publicly traded group. The parent group's public filings include Mackenzie's financial results and governance details.
Mackenzie Investments' clients range from individual investors to pension plans, endowments, and foundations. The firm reaches those clients through advisor networks, dealer platforms, and a dedicated institutional team.
IG Wealth Management, Mackenzie's sibling under IGM Financial, includes Mackenzie products in its advisor-managed portfolios. That relationship gives the firm access to IG's advisor network across the country.
Mackenzie Investments also works with independent dealers and third-party platforms outside the IGM group. The firm's institutional team serves pension plans and other large allocators through offices in:
Mackenzie Investments publishes market outlooks and research aimed at advisors and institutional investors. The firm's 2026 ETF Outlook noted that Canadian ETF assets hit $714 billion in 2025, up nearly 38 percent year over year.
The company also partnered with Northleaf Capital Partners on a Private Markets Outlook covering private equity, credit, and infrastructure.
The firm's strategists contribute to industry discussions on pension plan performance as well. Dustin Reid spoke to BPM in March 2026 about how plans should weigh short-term underperformance against long-term goals. Reid noted that a single weak year in a multi-decade horizon doesn't always signal a real problem.
Mackenzie Investments has earned fund performance awards and industry recognition in recent years. The firm's people have also been featured in Benefits and Pensions Monitor awards programs.
Our Hot List 2023 recognized Hourigan as one of 43 top professionals across benefits, pensions, and institutional investment. He had closed more than $500 million in institutional and sub-advisory deals before the feature.
Mackenzie Investments' full contact and mandate details also appear in our EAFE and emerging markets directory.
Mackenzie runs several community programs and partnerships focused on charitable giving and the economic empowerment of women:
The firm contributed $3.5 million to community initiatives in 2025 across more than 200 charities. The Charitable Foundation, an employee-led registered charity, has raised more than $16 million since its launch in 1999.
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