MISSISSAUGA, ON, Feb. 7, 2013 /CNW/ - Morguard Corporation (TSX: MRC)
("Morguard"), is pleased to announce that the CIBC Canadian Real Estate Fund, managed by its wholly-owned fund management company, Morguard
Financial Corp., won a 2013 Thomson Reuters Lipper Award for the best
3-year risk-adjusted returns in the Canadian real estate equity
The CIBC Canadian Real Estate Fund's 3-year annualized return net of
fees was 15.92% as at December 31, 2012.
Morguard has acted as sub-advisor to the CIBC Canadian Real Estate Fund
since the Fund's inception in 1997. This year's Award marks three
back-to-back Lipper Awards for the Fund, highlighting Morguard
Financial Corp's track record of delivering consistently strong
"The CIBC Canadian Real Estate Fund is a quality investment that offers
safety and yield," said Vikash Jain, VP and Chief Investment Officer,
Morguard Financial Corp. "The Award is a testament to our combined
depth of knowledge from our in-house real estate experts at Morguard
including CIBC Canadian Real Estate Fund Manager Derek Warren."
The Lipper Fund Awards are part of the Thomson Reuters Awards for
Excellence, a global family of awards that celebrate exceptional
performance throughout the professional investment community.
About Morguard Financial Corp.
Morguard manages real estate equity funds through Morguard Financial
Corporation (MFC), which is a wholly owned subsidiary of Morguard
Corporation. MFC provides portfolio management services, specializing
in real estate securities and income-producing investments. MFC offers
a broad range of flexible, built-to-suit investment vehicles from
specialty pooled funds to separate accounts, catering to the real
estate equity needs of investors. These portfolios include separately
managed accounts on behalf of Canadian pension funds, the Morguard
Sunstone Real Estate Income Fund (TSX: MSN.UN), the Morguard Real
Estate Equity Fund, and the Morguard-managed CIBC Canadian Real Estate
Fund, winner of the prestigious Thomson Reuters Lipper Fund Award in
2011, 2012 and 2013.
Morguard (TSX: MRC) is an expert in North American real
estate ownership, investment and management. With a strategic focus on
high-quality assets and diversification, Morguard has a proven track
record of realizing the potential of real estate through consistent
investment performance. Morguard has more than $12 Billion of assets
owned and under management. The integrated real estate services company
manages its own real estate portfolio, as well as invests and manages
on behalf of third-party institutional and private real estate
investors. Morguard offers integrated real estate services, including
investment management, asset management and property management.
Morguard Corporation owns a 42.8% interest in Morguard Real Estate
Investment Trust (TSX: MRT.UN) and a 56.8% effective interest in the
Morguard North American Residential Real Estate Investment Trust (TSX:
SOURCE: Morguard Corporation
For further information:
K. (Rai) Sahi
Chief Executive Officer
VP, Chief Financial Officer
Morguard Financial Corp.