global growth assets vs Mackenzie Investments
global growth assets and Mackenzie Investments both offer investing. This page lines up 15 listed data points side by side, with 9 differences, so you can see exactly where they part ways before you request quotes.
Built from each provider's listed data · provider data last verified Aug 2026
At a glance
- Both are available in all of Canada.
- Both use a Mutual Funds structure.
- Shariah oversight: global growth assets discloses Named Scholar; Mackenzie Investments discloses No Public Review.
- HalalWallet Index: global growth assets holds a B-; Mackenzie Investments holds a B-.
- On measurable rows, global growth assets has the better listed value on 1 and Mackenzie Investments on 2.
- They differ on 9 of the 15 data points we list for investing.
No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.
global growth assets vs Mackenzie Investments: the full side-by-side
15 data points from each provider's published materials, lined up row by row. They differ on 9.
global growth assets
Pays us: No. global growth assets pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Mackenzie Investments
Pays us: No. Mackenzie Investments pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.15 of 15 rows
Provinces covered
Sameglobal growth assets: All of CanadaMackenzie Investments: All of Canada
Expense ratio
global growth assets: 2.79% MERMackenzie Investments: 2.65% MER (Series A) EdgeManagement fee
global growth assets: 2.45%Mackenzie Investments: 1.95% (Series A) / 0.80% (Series F) EdgeMinimum investment
global growth assets: $500 initial / $25 subsequentMackenzie Investments: $500 initial / $50 subsequent
Structure
Sameglobal growth assets: Mutual FundsMackenzie Investments: Mutual FundsShariah oversight
global growth assets: Named ScholarMackenzie Investments: No Public ReviewShariah board / scholar
global growth assets: Named ScholarMackenzie Investments: Ratings Intelligence PartnersPublished fatwa / certificate
Sameglobal growth assets: NoMackenzie Investments: NoScreening standard
global growth assets: Dow Jones Islamic Market Titans 100 screens (Ratings Intelligence) plus local IFAB reviewMackenzie Investments: Dow Jones Islamic Market World Index screens - Ratings Intelligence fatwa and semi-annual audits
Products listed
global growth assets: Global Iman FundMackenzie Investments: Mackenzie Shariah Global Equity FundBest for
global growth assets: Canadian mutual fund investors who prioritize a long track record and named, annually renewed Shariah oversight over cost - and who accept a concentrated mega-cap tech tilt and the absence of published purification data.Mackenzie Investments: Canadian investors who work through a financial advisor or dealer platform and want an actively managed, certified halal global equity fund in familiar mutual fund form - accepting fees above halal ETFs in exchange for advisor-channel convenience.Product types
Sameglobal growth assets: Mutual FundMackenzie Investments: Mutual FundHoldings
global growth assets: 23Mackenzie Investments: Not listed
HalalWallet Index grade
Sameglobal growth assets: B-Mackenzie Investments: B-Assets under management
global growth assets: $244M EdgeMackenzie Investments: $32M
Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.
Strengths and trade-offs
global growth assets
- Disclosed Shari'ah oversight: two named advisory boards and a fatwa renewed June 17, 2026
- 17-year track record - Series A running since March 2009, with 10-year annualized returns of 14.75% to April 2026
- Low $500 minimum, $25 subsequent - accessible in mutual fund format with PACs
- Available across all 10 provinces through ~30 dealers and all major registered plans (RRSP/TFSA/RESP/RRIF/LIRA/LIF)
- FundGrade A+ award winner six consecutive years
- Expensive: 2.79% MER (2.45% management fee) versus roughly 0.5% for halal ETFs like WSHR
- Concentrated: 23 holdings with 66% in the top 10, and 44% in information technology
- No published purification data - investors cannot compute dividend purification from public documents
- The fatwa is published only as a scanned document, and parts of the site carry stale marketing content
Mackenzie Investments
- Global equity exposure in a single Shariah-screened mutual fund
- Certified compliance chain: Ratings Intelligence fatwa, semi-annual Shariah audits, and an annually published purification ratio
- Mutual fund format familiar to Canadian advisors and fund platforms, with a $500 minimum
- Series F at 1.12% MER is materially cheaper than Canada's legacy halal mutual fund option
- Available across all 10 Canadian provinces
- Series A MER of 2.65% is steep - comparable halal ETF exposure costs about 0.5%
- Small and young: roughly $32M in net assets (March 2025 statements) and an inception of February 2024
- Shariah oversight is delegated to Ratings Intelligence at the index level - Mackenzie maintains no in-house Shariah board and names no Canadian scholar
global growth assets
Pays HalalWallet: No. global growth assets pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Mackenzie Investments
Pays HalalWallet: No. Mackenzie Investments pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.Not sure which is right? Compare all investing providers.
Browse all Investing optionsHow do global growth assets and Mackenzie Investments compare for investing?
global growth assets and Mackenzie Investments both offer investing. This page lines up 15 listed data points side by side, with 9 differences, so you can see exactly where they part ways before you request quotes.
- Both are available in all of Canada.
- Both use a Mutual Funds structure.
- Shariah oversight: global growth assets discloses Named Scholar; Mackenzie Investments discloses No Public Review.
Source: HalalWallet (halalwallet.ca)
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-05
How to cite this page
Preferred format (HTML):
https://www.halalwallet.ca/compare/global-growth-assets-vs-mackenzie-investments, retrieved 2026-11-14).For time-sensitive claims (rates, fees, province availability), please verify directly with the provider's official documentation and note the retrieval date.
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