TORONTO, Feb. 21, 2012 /CNW/ - Morguard Financial is pleased to announce
that the Morguard-managed CIBC Canadian Real Estate Fund won the
Thomson Reuters 2012 Lipper Award for top ranked risk-adjusted returns
for the 3-year period in the Canadian real estate equity category. This
year's award marks back-to-back Lipper Awards for this fund,
highlighting Morguard Financial's track record of delivering
consistently strong risk-adjusted performance.
Charles Dillingham, Vice President, Portfolio Manager at Morguard
Financial responded, "We are honoured to have been recognized by the
Thomson Reuters Lipper Awards for the Best Fund over 3 Years (2012) and
the Best Fund over 1 Year (2011) in the Canadian Real Estate Equity
category. Key drivers of our success include our experienced team,
opportunistic yet disciplined approach and our close association with
Morguard Corp., a leading Canadian real estate investment advisory firm
with $10 billion in real estate assets owned and under management
across Canada and the U.S."
"We are very proud of the long standing relationship that Morguard has
with CIBC Asset Management. We wish to thank CIBC for their 15 years
of support and look forward to many more years of success as a member
of the CIBC mutual fund family."
The CIBC Canadian Real Estate Fund's 3-year annualized return net of
fees is 24.87% as at January 31, 2012. Globe Investor ranks this fund's
performance first quartile in calendar 2009, 2010, and 2011.
About Morguard Financial Corp. - www.morguard.com
Morguard Financial is a wholly-owned subsidiary of Morguard Corporation
("Morguard") one of Canada's leading real estate powerhouses. With over
$10 billion in real estate assets owned and under management,
Morguard's dominant position in real estate markets across Canada
combined with its depth of experience in all commercial asset classes
provides Morguard Financial's portfolio management group with local
insight and market intelligence. Investment decisions are based on
top-down bottom-up analysis and a thorough understanding of the
businesses in which we invest. In addition to the CIBC Canadian Real
Estate Fund, Morguard Financial also manages the Morguard Sunstone Real
Estate Income Fund for retail investors, the Morguard Real Estate
Equity Fund for institutional and accredited investors, and separate
accounts on behalf of institutional investors. For more information,
please contact Kate MacDonald, Associate Portfolio Manager, at email@example.com.
About the Lipper Awards
The Lipper Fund Awards recognize the world's top performing funds that have excelled in
delivering consistently strong risk-adjusted performance relative to
peers. The Lipper Fund Awards are part of the Thomson Reuters Awards
for Excellence program. Please visit http://excellence.thomsonreuters.com/awards/lipper for more details about the Lipper Fund Awards. If you have specific
questions about the events, please contact firstname.lastname@example.org.
SOURCE Morguard Financial Corp.
For further information:
Kate MacDonald, Associate Portfolio Manager, at email@example.com