Mawer Global Equity, a top-rated mutual fund in Canada, is set to undergo a change in management. The current manager, Paul Moroz, will be leaving in March 2024 [605c781b]. Christian Deckart, the incoming chief investment officer, will take over many of Moroz's responsibilities. Deckart has been with Mawer Global Equity since March 2016 and has the support of the entire investment team at the firm. The fund will continue to operate with a co-portfolio manager structure, with Manar Hassan-Agha recently promoted to co-manager [605c781b].
Mawer Global Equity has a strong track record, outperforming its peers in 8 of the past 10 years and holding a 5-star Morningstar rating. Deckart and Hassan-Agha follow an investment strategy that focuses on quality companies at a reasonable price. They use a proprietary system to evaluate over 10,000 companies and construct a portfolio that leans slightly towards growth. The fund currently has a trailing return on invested capital of 17.9% and holds unique positions in companies like Publicis Groupe and BMW [605c781b].
Mawer Global Equity is an investment boutique based in Calgary and is 100% employee-owned. The firm has a well-defined investment process and places emphasis on downside protection. While its equity offerings are strong, its fixed-income offerings are not as robust. The firm has a history of managing capacity effectively and has experienced minimal turnover among its investment professionals [605c781b].
Investors in Mawer Global Equity should consider the upcoming management change and evaluate the implications for the fund's performance and investment strategy. It is important to review the track record and investment approach of the incoming manager, Christian Deckart, and co-manager Manar Hassan-Agha. Consulting with a financial advisor can provide further guidance on the best course of action for individual investment portfolios [605c781b].