This little-known giant is mastering mid-caps

Mackenzie's Phil Taller plays in an unloved segment with room to grow

Yan Barcelo 7 May, 2019 | 2:00PM

Phil Taller comes across as a modest and reserved fellow, but the performance of his fund, the five-star rated Mackenzie US Mid Cap Growth Class, allows him to stand out among giants of the investment world. His fund’s returns on the upside may not be at the top of his category, but it certainly ranks among the best. On the downside, his exemplary resistance gives him few peers.

In 2007 and 2008, when his reference index, the Russell 2500, was down 14% and 21%, he kept his fund above water, up 0.7% and 0.5%. Since then, he has not suffered a single negative year. Though he did lose in the fourth quarter of 2018, he still finished the year with a 12.2% return while the Russell 2500 ended in negative territory: -1.9%. In his fund’s 16 years of existence, his investors have suffered only one minor setback of - 0.1%, and that was in 2005.

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About Author

Yan Barcelo  is a veteran financial and economic journalist with more than 30 years of experience, writing for many publications in Toronto and in Montreal, including CPA MagazineLes Affaires and Commerce.