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Fundata announces the 2016 FundGrade A+™ Award winners
3/26/2017 4:54:14 PM
HOME : FEATURES : COLUMNS : Fundata announces the 2016 FundGrade A+™ Award winners
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By Fund Library News Wire  | Thursday, January 26, 2017


 



Fundata Canada Inc. announced the winners of the Fundata FundGrade A+ Award for 2016. This year, 57 companies representing a total of 263 Canadian investment funds received the A+ Award at Fundata’s annual “Evening of Excellence” held on Wednesday, January 25, 2017, at the Art Gallery of Ontario in Toronto.

The FundGrade A+ Award is given annually to investment funds and managers who have shown consistent, outstanding, risk-adjusted performance through the year. The FundGrade A+ Award provides investors, advisors, and fund managers with a single, reliable, easy-to-understand fund-performance rating based on up to 10 years of history.

Receiving the A+ Award for 2016 were 179 mutual funds, 35 exchange-traded funds (ETFs), 46 segregated funds, and 3 Responsible Investing funds. “Because of its objective, highly rigorous methodology, the A+ Award is given to only a small number of funds,” said Janny Vincent, President and CEO of Fundata Canada Inc. “This elite group comprises only 6.6% of the total universe of eligible mutual funds, segregated funds, and ETFs tracked by Fundata,” she added.

The FundGrade A+ Rating is a purely quantitative award system, using a totally objective, transparent, score-based calculation to arrive at a grade-point average that ranks funds to determine the annual “best-of-the-best” investment fund ratings. Segregated funds are ranked separately. The top-performing funds with a responsible investing mandate were honoured separately, with a winner from each of the Equity, Balanced, and Fixed Income categories.

The investment fund industry is a crucial component of Canadians’ net worth. With $1.33 trillion in assets under management, the mutual fund industry accounts for more than a third of Canadians’ financial wealth. And the ETF industry continues to grow, reaching a new high of $113.6 billion in assets under management in 2016.

“We feel that singling out Canada’s top investment funds with the FundGrade A+ Rating allows investors and advisors to easily identify the best of the best over the past year,” said Ms. Vincent. “Fundata Canada takes pride in the fact that over the past five years, the FundGrade A+ Award has been accepted and embraced by our industry as a truly objective, independent mark of distinction for those funds and fund managers who receive the award,” she added.

For more information and a complete list of the funds receiving the Fundata FundGrade A+ Rating for the calendar year 2016, please visit www.fundgradeawards.com.

Notes and Disclaimers

© 2017 by Fund Library. All rights reserved. Reproduction in whole or in part by any means without prior written permission is prohibited.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past performance may not be repeated. The foregoing is for general information purposes only and is the opinion of the writer. No guarantee of performance is made or implied. This information is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice.

 
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