TORONTO, Jan. 31, 2012 /CNW Telbec/ - The birth of a new investment fund
rating system. Fundata Canada Inc. is pleased to announce the release
of the Fundata FundGrade A+ Rating and the inaugural recipients of the
highly coveted grade.
The FundGrade A+ Rating is the first and only totally objective,
transparent, score-based calculation using a grade-point average that
ranks funds to determine the annual "best-of-the-best" ratings. As
such, the FundGrade A+ Rating provides investors, advisors, and fund
managers with a single, reliable, easy-to-understand fund-performance
rating based on an entire calendar year.
Janny Vincent, President and CEO of Fundata Canada Inc., said, "We are
excited about the release of the FundGrade A+ Grade, as it's the first
grading system that's based solely on risk-adjusted performance history
and takes into account the consistency with which a fund outperforms
"We feel that identifying and honouring Canada's top-notch investment
funds with an A+ rating will signify a very unique accomplishment by
the fund companies and will allow investors and advisors to easily
identify the best of the best over the past year," she added.
The FundGrade A+ Rating builds on and enhances the popular Fundata
FundGrade fund rating system. The FundGrade A+ Rating is awarded
annually to funds that have achieved consistently high FundGrade scores
through an entire calendar year.
Achieving a FundGrade A+ Rating denotes inclusion in an ultra-exclusive
group, because less than 2% of the investment fund products available
in Canada have received a FundGrade A+ rating.
For more information and a complete list of the funds receiving the
inaugural Fundata FundGrade A+ Rating for the calendar year 2011,
please visit http://www.fundata.com/ProductsServices/FundgradeAPlusList.aspx.
Fundata's FundGrade is an independent and objective investment-fund
rating system that recognizes funds with superior risk-adjusted
returns. FundGrade provides a quick and easy approach for identifying
funds with a track record of first-rate performance, helping investors
identify exceptionally performing funds. From an "A" (superior past
performance) to an "E" grade (poor past performance), our rating system
assigns a grade to over 7,000 investment funds.
About FundGrade A+ Rating
FundGrade A+ Grade identifies funds that have been consistent FundGrade
A Grade performers over the past year. It's the only objective rating
system available in the market that's based solely on risk-adjusted
performance history and that takes into account the consistency with
which a fund is ranked at the top of its CIFSC class. In short, the
FundGrade A+ Rating identifies funds with not only the best
risk-adjusted returns but also those demonstrating the highest level of
Mutual funds and Segregated funds have been graded separately. Pooled
funds and Hedge funds are not included in the calculations.
For more information on the Fundata FundGrade and FundGrade A+ Rating
system or to obtain a detailed explanation on how FundGrade and
FundGrade A+ is calculated, please visit www.fundata.com.
About Fundata Canada Inc.
Fundata Canada Inc. has been providing data aggregation and
dissemination services to the Canadian media and financial marketplace
since 1987. Fundata is a major player in the distribution of fund and
stock information in Canada. Our database contains over 19,000
investment products, covering 850 data points. Fundata provides
customized data feeds, top-shelf analytics, cutting-edge software
tools, and seamless hosted web solutions for fund companies, back
office systems, investment planners, banks, trust companies, resellers
and redistributors, and online, print, and broadcast media channels.
For more information, visit www.fundata.com.
SOURCE Fundata Canada Inc.
For further information:
Manager, Marketing & Client Relations
416 455-5534, ext. 260