The Invested

Hosted by Mackenzie Investments

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Episodes

200

Latest episode

Aug 2026

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About the show

What’s behind today’s headlines and what it could mean for portfolios? Host Rajan Bansi sits down with Mackenzie portfolio managers and strategists to unpack the trends moving markets and the implications across asset classes. Tune in for timely insights to support your next client conversation.

Listen to episodes

60 recent

August 12, 2026Episode 27121 min

Inside Our Partnership: A Conversation with China AMC's Chief Investment Officer on China's Tech-Driven Future

Rajan Bansi sits down with Richard Pan, Chief Investment Officer of China AMC — Mackenzie's strategic partner in China — to explore why global investors are increasingly turning to Chinese equities. Richard shares his framework for China's AI capabilities, the country's renewable energy advantage, and why Western investors may be significantly underweight a market that represents 17% of global GDP and 49% of global patent applications. The conversation closes with his vision for Chinese companies evolving into true global brands over the next decade.

August 4, 2026Episode 27521 min

Mid-Year Market Outlook with Lesley Marks: Rates, Earnings, and AI

Dustin Reid , Chief Fixed Income Strategist, sits down with Lesley Marks , Chief Investment Officer of Equities, to explore Mackenzie’s outlook for the second half of 2026. They discuss earnings expectations in Canada and the U.S., the evolving value-versus-growth dynamic, AI and hyperscale valuations, and the impact of a more hawkish Fed. Lesley shares where disciplined diversification may uncover opportunities amid a more volatile market environment.

July 30, 2026Episode 27414 min

Fed Holds Rates as Inflation Concerns Grow

The U.S. Federal Reserve held interest rates steady yesterday at its July meeting, raising questions about its approach to persistent inflation. In this episode of Market Exchange, Dustin Reid examines the market reaction, rising long-term Treasury yields and the key signals to watch ahead of the Fed’s September meeting.

July 16, 2026Episode 27319 min

Bank of Canada Holds as Tail Risks Recede: What We Expect Next

Bank of Canada Holds: Inflation, Oil and the Rate Outlook Dustin Reid examines the Bank of Canada’s July rate decision, shifting expectations for Canadian interest rates and the economic risks tied to slowing population growth. He also explores how rising oil prices, geopolitical tensions and weaker U.S. inflation data are creating a complicated outlook for central banks and fixed-income markets.

July 15, 2026Episode 27221 min

Making sense of Private Credit: A powerful tool for fixed income portfolios

David Ross, Global Head of Private Credit at Northleaf Capital Partners, joins host Rajan Bansi to break down one of the fastest-growing corners of the investment world. David explains what private credit is, why it took off after the 2008 financial crisis, and how institutional investors — not banks — have become the go-to lenders for many of today's top private companies. He also shares where Northleaf has the confidence to stay disciplined in both choosing where to invest and what they deliberately avoid, and why the current market environment may be one of the most attractive periods for private credit investors in recent memory.

June 18, 2026Episode 27013 min

The Fed turns hawkish: What Chair Warsh's first meeting means for markets

In this episode, Dustin Reid , Chief Fixed Income Strategist, breaks down the recent FOMC meeting — the first led by new Federal Reserve Chair Kevin Warsh. Dustin explains why the Fed's hawkish message caught markets off guard, including growing support for rate hikes and a renewed focus on inflation. He also explores how investors reacted across bonds, equities, currencies and credit markets, and what the Fed's evolving communication strategy could mean for volatility and portfolio positioning in the months ahead. This episode was recorded on June 17, 2026.

June 11, 2026Episode 26913 min

The Bank of Canada Holds Steady as Global Volatility Builds

Dustin Reid discusses the Bank of Canada's rate hold, the outlook for markets and inflation, and why he believes Canadian rate cuts remain possible later this year.

June 1, 2026Episode 26821 min

Value's moment: Canada, tariffs, and the case for stock picking

Richard Wong , lead portfolio manager and head of Mackenzie's Cundill boutique, joins host Rajan Bansi to discuss why value has quietly outperformed growth in 2026, and why that trend has staying power.

May 19, 2026Episode 26722 min

Understanding the K-shaped economy: an equity perspective for advisors

Corporate earnings and stock performance are not moving uniformly — and the divide is worth understanding. Lesley Marks, CIO at Mackenzie Investments, joins host Rajan Bansi to walk through why AI infrastructure companies have had a markedly different experience than sectors like airlines and traditional software, and what it may mean that bond markets appear to be pricing in a different outlook than equities. Thoughtful context to help advisors frame today's market for their clients. Episode recorded May 15, 2026.

May 1, 2026Episode 26620 min

Higher for longer takes hold

In this episode, Dustin Reid breaks down the latest Fed and Bank of Canada decisions and what’s driving markets right now. He explores how higher energy prices are feeding into inflation expectations, pushing yields higher and complicating the rate outlook. You’ll hear what’s behind the move in oil and how shifting inflation signals are influencing central bank decisions. Listen now for clear, practical insights to support client discussions on rates, risk and portfolio positioning.