ducovest

MEU:CA:TSX-Mackenzie Maximum Diversification Developed Europe Index ETF (CAD)

ETF | European Equity | Toronto Stock Exchange

Last Closing

CAD 22.36

Change

-0.01 (-0.04)%

Market Cap

CAD 3.87M

Volume

600.00

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the TOBAM Maximum Diversification Developed Europe Index, or any successor thereto. It invests primarily in equity securities of developed European markets.

Company Website : www.mackenzieinvestments.com

Currency: CAD

Country : Canada

Inception Date: 07/09/2016

Primary Benchmark: TOBAM Max Div Dvlp Europe TR CAD

Primary Index: MSCI Europe GR CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 0.61 %

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Symbol Company Name Allocation
IITSF Intesa Sanpaolo S.p.A 1.50 %
Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-03-28 )

Largest Industry Peers for European Equity

Symbol Name Mer Price(Change) Market Cap
ZWP:CA BMO Europe High Dividend Cover.. 0.69 %

N/A

 CAD 0.77B
ZEQ:CA BMO MSCI Europe High Quality C.. 0.45 %

N/A

 CAD 0.77B
ZWE:CA BMO Europe High Dividend Cover.. 0.70 %

N/A

 CAD 0.60B
XEU:CA iShares MSCI Europe IMI 0.28 %

N/A

 CAD 0.31B
VE:CA Vanguard FTSE Developed Europe.. 0.23 %

N/A

 CAD 0.18B
XEH:CA iShares MSCI Europe IMI CAD He.. 0.28 %

N/A

 CAD 0.15B
RPD:CA RBC Quant European Dividend Le.. 0.54 %

N/A

 CAD 0.03B
EDGF:CA Brompton European Dividend Gro.. 0.00 %

N/A

 CAD 0.02B
RPDH:CA RBC Quant European Dividend Le.. 0.54 %

N/A

 CAD 0.02B

ETFs Containing MEU:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (European Equity) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 3.66% 10% F 43% F
Dividend Return 0.24% 13% F 7% C-
Total Return 3.91% 10% F 41% F
Trailing 12 Months  
Capital Gain 3.81% 20% F 47% F
Dividend Return 2.13% 60% D- 38% F
Total Return 5.94% 20% F 46% F
Trailing 5 Years  
Capital Gain -1.06% 33% F 41% F
Dividend Return 7.53% 33% F 38% F
Total Return 6.47% 22% F 37% F
Average Annual (5 Year Horizon)  
Capital Gain 0.28% 40% F 45% F
Dividend Return 1.49% 30% F 43% F
Total Return 1.21% 20% F 39% F
Risk Return Profile  
Volatility (Standard Deviation) 13.71% 70% C- 58% F
Risk Adjusted Return 10.88% 30% F 44% F
Market Capitalization 3.87M 10% F 7% C-

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced on cashflow basis

The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.