TORONTO, Jan. 13, 2015 /CNW Telbec/ - Fundata Canada Inc. is pleased to announce the third annual Fundata FundGrade A+ Awards "Evening of Excellence." The awards presentations will take place on January 21, 2015, at the invitation-only event to be held at the Art Gallery of Ontario's Baillie Court.
The Fundata FundGrade A+ Awards are presented annually to Canadian investment funds that achieve consistently high FundGrade scores through an entire calendar year. In 2013, over 50 fund companies were awarded a FundGrade A+ Rating for the combined 194 top-performing Canadian mutual funds, exchange traded funds, and segregated funds.
Janny Vincent, President and CEO of Fundata Canada Inc., said, "This year's FundGrade A+ Awards event will be the biggest and best yet, bringing distinctive recognition to Canada's very best investment funds.
"With some $1.15 trillion in mutual fund assets under management, and another $74 billion in exchange-traded funds, Canadian investment funds have become more important than ever to investors and to the economy as a whole." said Ms. Vincent. According to the Investment Funds Institute of Canada, 26% of Canadians' financial wealth is devoted to mutual fund investments. "It's crucially important that investors, advisors, and institutions have access to reliable data analytics and objective ratings to help them make informed investment decisions," she added. "So we are very pleased that the Fundata FundGrade A+ Awards have come to be recognized as the industry standard for outstanding achievement."
Among the speakers at this year's event will be Jane Rooney, the federal government's first Financial Literacy Leader. For more information on the Fundata FundGrade A+ Awards "Evening of Excellence," please visit http://www.fundgradeawards.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 provider in the distribution of fund and stock information in Canada. Our database contains data on over 28,000 investment 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.
For further information: Reid Baker, Manager, Data Analytics, Phone: 416-445-5443 ext. 240, [email protected]