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