EDMONTON, Nov. 10, 2016 /CNW/ - ATB Investment Management Inc., a subsidiary of ATB Financial, has been recognized by Thomson Reuters for distinction in investment excellence by winning a Lipper award for the Compass Conservative Balanced Fund Series A. The Lipper award recognizes the strong risk adjusted performance consistently achieved by the fund, in the category of Canadian Fixed Income Balanced over a 10-year performance period. Fifty funds competed in this category for 2016.
"We are really honoured by this year's win, as it emphasizes the strengths of our investment process and is a testament to the team of investment experts we have in place to steward the retirement savings of Albertans," said Chris Turchansky, president of ATB Investor Services. "With 52 per cent of Albertans having been affected by the drop in oil prices, a solid investment strategy is crucial. Our multi-manager strategy and asset allocation approach, focussing on protecting on the downside, while diligently growing our clients' money with care."
Underpinning a record of investment distinction, ATB Investment Management Inc. won a Lipper award for Best Mix Assets Fund Group in 2012, 2013 and 2014. Individual fund accolades were awarded in the Canadian Fixed Income Balanced five-year category for 2013 and in the Canadian Fixed Income Balanced three and 10-year category for 2014.
For this year's full list of winners, please visit the Lipper Canada Fund Awards website.
About Thomson Reuters Lipper Fund Awards
The Thomson Reuters Lipper Fund Awards have honoured funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. Individual classifications of three-, five-, and 10-year periods, as well as fund families with high average scores for the three-year period are recognized.
Compass Conservative Balanced Fund was awarded the 2016 Lipper Fund Award in the Canadian Fixed Income Balanced category for the 10-year period ending July 31, 2016, out of a total of 50 funds. The Lipper Fund Awards, granted annually, are part of the Thomson Reuters Awards for Excellence awarded by Lipper, Inc. and highlight funds that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Ratings for Consistent Return, which is a risk-adjusted performance measure calculated over 36, 60 and 120 month periods. The highest 20 per cent of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20 per cent receive a score of 4, the middle 20 per cent are scored 3, the next 20 per cent are scored 2 and the lowest 20 per cent are scored 1. The highest Lipper Leader for Consistent Return in each category wins the Lipper Fund Award. Lipper Leader ratings change monthly. For more information, see www.lipperweb.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Performance for the fund for the period ended July 31, 2016, is as follows: 3.41 per cent (1 year), 7.00 per cent (3 years), 7.03 per cent (5 years), 5.94 per cent (10 years) and 6.17 per cent (since inception on December 11, 2012). The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 5 (3 years), 5 (5 years), 5 (10 years). Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
About ATB Investment Management Inc.
ATB Investment Management Inc. manages the Compass Portfolio Series, and is the asset management division for ATB Financial. For more information please visit www.compassportfolios.com. ATB Investment Management Inc., ATB Securities Inc. (Member, Investment Industry Regulatory Organization of Canada; Member, Canadian Investor Protection Fund) and ATB Insurance Advisors Inc. are wholly owned subsidiaries of ATB Financial and operate under the tradename ATB Investor Services. ATB Financial is a registered trademark of Alberta Treasury Branches.
SOURCE ATB Financial
For further information: or interview requests, please contact: Barry Strader, Corporate Reporter, ATB Financial, 780-495-1343 (office), 780-886-4398 (mobile), [email protected]