TORONTO, Jan. 24, 2013 /CNW Telbec/ - Fundata Canada Inc. is pleased to
announce the winners of the Fundata FundGrade A+ Rating for 2012.
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 second annual FundGrade A+ winners
list. Recipient funds have demonstrated consistent, outstanding
risk-adjusted performance through the year."
"Mutual funds continue to be an important investment asset, accounting
for more than a third of Canadians' financial wealth," says Ms.
Vincent, "and more than 40% of families now hold mutual funds in their
RRSPs. Mutual funds continue to grow in popularity," she adds, pointing
out that mutual fund assets have increased by an average of 17.5% per
year over the past 20 years. "At present, more than 831 mutual funds,
with just under $378.1 billion in assets, invest in the Canadian
"We feel that identifying and honouring Canada's top-notch investment
funds with the FundGrade A+ Rating signifies 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,"
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 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
Fundata FundGrade A+ Rating for the calendar year 2012, please visit http://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 consistency.
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+ are 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 23,000
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, Analytics & Data
416-445-5534 x 240
38 Lesmill Road