Portfolio Management Association of Canada Announces Inaugural PMAC Award for Excellence in Investment Journalism

Industry Association to Promote and Reward Excellence in Canadian Newspaper, Magazine and Online
Journalism that Fosters a Better Understanding of Investment Industry, Its Products and Services

TORONTO, Nov. 22, 2011 /CNW/ - PMAC 2011 AGM - The Portfolio Management Association of Canada (PMAC) (www.portfoliomanagement.org) announced today at its Annual General Meeting in Toronto that it will present the first industry award in its history - the PMAC Award for Excellence in Investment Journalism.  The Award will be presented in April 2012 at an industry event to honour the winning journalist, who will take home the Top Prize of $10,000.

The purpose of the Award, open to Canadian newspaper, magazine and online journalists is to foster financial literacy with a better understanding of the investment industry, its products and services. It also responds squarely to the needs of the rising number of Canadian investors requesting information on investment products and services.  Consideration will be given to journalists who go "above and beyond" to report accurate and up-to-date information on the markets, products, and/or economic theories.

Katie Walmsley, President of PMAC, says: "We are thrilled to launch the first Award for Excellence in our history.  This Award honours the pool of gifted Canadian journalists who are specialists in the field of investment writing. Together, they represent some of the finest, most insightful and thought-provoking articles and columns readily available to Canadians today. Our top prize of $10,000 is the largest of any similar Award in Canada."

Any Canadian journalist publishing articles or columns on business, finance, investment, financial products or financial markets is eligible for the PMAC Award for Excellence in Investment Journalism. Recipients will be chosen based upon their previous works, as well as their submitted samples.  Articles or columns can be in English or French print publications or online media, but must be available to the Canadian public. In the inaugural year, articles or columns published between January 1, 2011 and February 29, 2012 will be eligible.

Journalists, newspaper or magazine editors, PMAC members, regulators or any Canadian investor may nominate specific journalists with reference to a specific article or series of articles or columns, copies of which should be provided in both hard and digital formats.  The nomination should reference the specific article or column, the publication date and the publication in which the article appeared. The nomination should also include a general description of the journalist's writings in the past year.  Finally, the nomination form should clearly state how the article benefited Canadian investors.

To apply, a letter or email must be submitted with the subject line: PMAC Award for Excellence in Investment Journalism to: PMAC, 110 Yonge St., Suite 1602, Toronto, Ontario M5C1T4 or via email to PMACinfo@portfoliomanagement.org.  More information is available at www.portfoliomanagement.org.

Nominations must be received by March 15 of each year. The Award will be presented at an event held within two months of the application closing date. A panel of five judges, who together have extensive experience in the investment and financial journalism industry, will annually review nominations and select the top prize recipient. Honourable mention may be given to articles which were shortlisted.

About Portfolio Management Association of Canada (PMAC):

Portfolio Management Association of Canada (PMAC) represents an influential membership of over 150 portfolio management companies that manage more than $800 billion in assets for over one million institutional and high net worth clients.  Members span private clients, pensions, insurance, foundations and endowments.  As one of the largest financial industry Associations in Canada, PMAC carries on the rich 50-year tradition of ICAC's work, and operates coast-to-coast in English and French language markets.

PMAC employs a collaborative information-sharing business model and advocates on behalf of its members to securities regulators and government agencies.  The Association increases the awareness of investment counseling benefits, provides a forum for member networking and keeps members up-to-date on regulatory and compliance issues.  From institutional pension plans to charitable, endowment and high net worth client accounts, PMAC members work to facilitate investment opportunities for millions of Canadians.

PMAC membership has steadily grown in recent years. PMAC represents investment management firms registered to do business in Canada as Portfolio Managers. The Association's mission is to advocate the highest standards of unbiased portfolio management in the interest of investors served by members.  For further information on PMAC, visit www.portfoliomanagement.org.

SOURCE Portfolio Management Association of Canada

For further information:

Margo Rapport
H2 Central Marketing and Communications
Email: mrapport@h2central.ca
Phone: 416-895-5672

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Portfolio Management Association of Canada

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