TORONTO, Jan. 23, 2014 /CNW Telbec/ - Fundata Canada Inc. is pleased to announce the winners of the Fundata FundGrade A+ Rating™ for 2013.
The FundGrade A+ Rating is the first and only totally objective, transparent, score-based calculation using a grade-point average that ranks funds to determine the annual "best-of-the-best" investment fund ratings. As such, the FundGrade A+ Rating provides investors, advisors, and fund managers with a single, reliable, easy-to-understand fund-performance rating based on up to ten years of history.
Janny Vincent, President and CEO of Fundata Canada Inc., said, "The third annual FundGrade A+ winners list honours the exceptional achievement of the select group of 194 investment funds and their managers in producing consistent, outstanding risk-adjusted performance through the year and beyond."
"Investment funds continue to be an important asset for Canadians, with the combined total of assets under management for both mutual funds and ETFs now exceeding $1 trillion," said Ms. Vincent. "Mutual funds show no sign of waning popularity," she added, pointing out that mutual fund assets have increased by an average of 19.4% per year over the past 20 years. "As a mark of just how vibrant the market is, Fundata Canada added more than 2,300 new mutual funds to its database of over 26,000 funds in 2013, while ETF assets under management expanded 11.8% in the year, to a record $61.8 billion," said Ms. Vincent.
"We feel that recognizing Canada's top investment funds with the FundGrade A+ Rating allows investors and advisors to easily identify the best of the best over the past year," she said.
The FundGrade A+ Rating builds on and enhances the popular Fundata FundGrade fund rating system. The FundGrade A+ Rating is awarded annually to funds that have achieved consistently high FundGrade scores through an entire calendar year.
Achieving a FundGrade A+ Rating denotes inclusion in an exclusive group, because less than 4% of the eligible investment fund products available in Canada have received a FundGrade A+ rating.
For more information and a complete list of the funds receiving the Fundata FundGrade A+ Rating for the calendar year 2013, please visit www.fundgradeawards.com.
Fundata's FundGrade is an independent and objective investment-fund rating system that recognizes funds with superior risk-adjusted returns. FundGrade provides a quick and easy approach for identifying funds with a track record of first-rate performance, helping investors identify exceptionally performing funds. From an "A" (superior past performance) to an "E" grade (poor past performance), our rating system assigns a grade to over 7,000 base investment funds.
About FundGrade A+ Rating
FundGrade A+ Rating identifies funds that have been consistent FundGrade A Grade performers over the past 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. In short, the FundGrade A+ Rating identifies funds with not only the best risk-adjusted returns but also those demonstrating the highest level of consistency.
Mutual Funds and Segregated Funds have been graded separately. Pooled Funds and Hedge Funds are not included in the calculations.
For more information on the Fundata FundGrade and FundGrade A+ rating system please visit 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 player in the distribution of fund and stock information in Canada. Our database contains over 26,000 investment products, covering 850 data points. Fundata provides customized mutual fund, ETF, and market 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.
For more information, visit www.fundata.com.
SOURCE: Fundata Canada Inc.
For further information:
Manager, Analytics & Data
416-445-5534 x 240
38 Lesmill Road