TORONTO, Jan. 23, 2014 /CNW/ - CI Investments Inc. ("CI") announced
today that it has received 21 FundGrade® A+ Awards, which recognize
investment funds with consistent, outstanding risk-adjusted
performance. CI took home more trophies than any other fund company at
the 2013 awards, which were announced last night by Fundata Canada
Inc., a major provider of financial and market data.
"The diversity of our winning funds illustrates the broad choice of
top-quality investment options and portfolio management teams at CI,"
said Derek J. Green, CI President. "We congratulate our managers for
earning this additional recognition and we thank our investors and
advisors for their ongoing support."
Of note among this year's list of FundGrade A+ winners are funds that
topped their categories at the 2013 Morningstar Awards announced in
November: Black Creek International Equity Fund and CI Global Health
Sciences Corporate Class. In addition, Select Canadian Equity Managed
Corporate Class is part of Portfolio Select Series, which named Best
Fund of Funds at the 2013 Morningstar Awards.
CI's FundGrade A+ Award winners for 2013 are:
Black Creek Global Balanced Fund
Black Creek International Equity Fund
Cambridge Canadian Equity Corporate Class
Cambridge High Income Fund
CI Global Health Sciences Corporate Class
Portfolio Series Income Fund
Select Canadian Equity Managed Corporate Class
Signature Global Income & Growth Fund
Signature High Income Fund
United Canadian Equity Alpha Corporate Class
United Enhanced Income Pool
United International Equity Growth Pool
Clarica MVP Growth Fund
Sun Life Sunfund
SunWise Elite CI Cambridge Balanced
SunWise Elite CI Cambridge Core Bundle
SunWise Essential CI American Value Segregated Bundle
SunWise Essential CI Cambridge Canadian Equity Segregated Bundle
SunWise Essential CI Cambridge Segregated Diversified Bundle
SunWise Essential CI Synergy American Segregated Bundle
SunWise Essential Fidelity American Disciplined Equity.
The FundGrade A+ Rating identifies funds with not only the best
risk-adjusted returns but also those demonstrating the highest level of
consistency. It builds on and enhances the Fundata FundGrade fund
rating system and is awarded annually to funds that have achieved
consistently high FundGrade scores through an entire calendar year.
FundGrade is an objective and completely quantitative measure that is
based on a minimum of two and up to 10 years of a fund's historical
track record. The FundGrade rating system assigns grades ranging from
an "A" to an "E." For a fund to score a FundGrade "A" rating, the fund
must substantially outperform its peers by finishing in the top 10%
within its category in a given month. FundGrade ratings change monthly.
The FundGrade A+ Rating ranks funds to determine the annual
"best-of-the-best" investment fund ratings. Less than 4% of the
eligible investment fund products available in Canada have received a
FundGrade A+ rating. Mutual funds and segregated funds have been graded
separately. For more information on the Fundata FundGrade and FundGrade
A+ rating system, please visit www.fundgradeawards.com.
About CI - Canada's Investment Company
CI Investments Inc. is one of Canada's largest investment management
companies. CI offers a broad range of investment products and services,
including an industry-leading selection of investment funds, and is on
the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent,
Canadian-owned wealth management firm with $118 billion in assets as of
December 31, 2013.
Morningstar Awards © Morningstar Inc. All Rights Reserved. Awarded to
Black Creek International Equity Fund for Best International Equity
Fund; to CI Global Health Sciences Corporate Class for Best Specialty
Equity Fund; and to Portfolio Select Series for Best Fund of Funds.
SOURCE: CI Investments Inc.
For further information:
Derek J. Green