TORONTO, Jan. 22, 2016 /CNW/ - Fundata Canada Inc. is pleased to announce the winners of the Fundata FundGrade A+ Award for 2015. At an awards ceremony held on Thursday, January 21, 2016, in Toronto, 45 companies representing a total of 213 Canadian investment funds received the Fundata FundGrade A+ Award.
The FundGrade A+ Award is given annually to investment funds and their managers who have shown consistent, outstanding, risk-adjusted performance through the year. As such, the FundGrade A+ Award provides investors, advisors, and fund managers with a single, reliable, easy-to-understand fund-performance rating based on up to 10 years of history.
Of the 213 funds receiving the A+ Award for 2015, 131 were mutual funds, 24 were ETFs, 55 were segregated funds, and 3 were socially-responsible funds. Janny Vincent, President and CEO of Fundata Canada Inc., said, "The A+ Award-winning funds join a very elite group, with some 5% of the eligible mutual funds, segregated funds, and ETFs tracked by Fundata receiving the A+ Award."
The FundGrade A+ Rating is a purely quantitative award system, using a totally objective, transparent, score-based calculation to arrive at a grade-point average that ranks funds to determine the annual "best-of-the-best" investment fund ratings. Segregated funds are ranked separately. And as in previous years, the best-performing funds with a socially-responsible investing mandate were honoured separately, based on Equity, Balanced, and Fixed Income categories.
The investment fund industry continues to be an extremely important part of how Canadians manage their investments. "The success of funds is due to the importance of our industry to Canada's economy, our strong regulatory system, the quality of our products, and the value that advice brings to clients," said guest speaker Joanne De Laurentiis, President and CEO of the Investment Funds Institute of Canada. With well over $1 trillion in assets under management, funds account for more than 31% of Canadians' financial wealth.
"With so much of Canadians' wealth under fund industry stewardship, Fundata Canada takes pride in the fact that the FundGrade A+ Award has been accepted and embraced by our industry as an independent and objective acknowledgement of excellence," said Ms. Vincent.
For more information and a complete list of the funds receiving the Fundata FundGrade A+ Rating for the calendar year 2015, please visit http://fundgradeawards.com/Awards.aspx.
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 provider in the distribution of fund and stock information in Canada. Our database contains data on over 31,000 investment fund products. 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.
About the Fundata FundGrade A+ Rating
The FundGrade A+ Rating identifies funds that have been consistent FundGrade A-Grade performers over the past calendar 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.
SOURCE Fundata Canada Inc.
Image with caption: "Fundata Canada Inc. (CNW Group/Fundata Canada Inc.)". Image available at: http://photos.newswire.ca/images/download/20160122_C5020_PHOTO_EN_603183.jpg
For further information: Reid Baker, Director, Analytics & Data, Phone: 416-445-5443 ext. 240, [email protected]