Annual awards recognize leaders in the Canadian financial services industry
TORONTO, Dec. 1 /CNW/ - Morningstar (Nasdaq: MORN), has announced the winners of the Morningstar
Canadian Investment Awards. Tonight's ceremony, held at the Fairmont Royal York Hotel in Toronto,
marked the 16th edition of Canada's premier annual awards event for investment products. Morningstar
acquired the Canadian Investment Awards and Gala in 2009.
With CBC's Peter Mansbridge as Master of Ceremonies and more than 500 guests in attendance, the
evening honoured companies and individuals that have made a difference in the lives of investors through
superior investment products, service, and education.
The awards recognize superior leadership in the investment industry and represent Canada's wide range of
investment products, including mutual funds, pooled funds, and hedge funds. Additional awards recognize
outstanding individual managers, career achievement, technology, discount brokerage, and marketing. The
awards were determined by panels of industry experts. The focus was on longer-term track records, as
opposed to simply awarding the best performers over the past year.
This year, Morningstar partnered with MusiCounts, the Canadian music-education charity associated with
The Canadian Academy of Recording Arts and Sciences, the organization behind the nationally televised
JUNO Awards. MusiCounts' mission is to provide students with access to comprehensive music programs
in Canadian schools. Proceeds from submissions-based awards were donated to MusiCounts at the award
The award winners include:
Morningstar Equity Fund Manager of the Year Award
Winner: Jim Hall, Chairman and Director of Research, Mawer Investment Management Ltd., Calgary,
"Jim Hall's track record, not only over the past year but over the long haul is outstanding," said David
O'Leary, director of fund analysis for Morningstar Canada. "While we looked primarily at Mawer Canadian
Equity to evaluate his performance, he is responsible for building a lot of the research processes across all
of the Mawer funds. His effective risk management is evidenced by how he did through the downturn and
the ensuing rally."
Morningstar Fixed Income Fund Manager of the Year Award
Winner: TD Asset Management Fixed Income Team, TD Asset Management Inc.
"We like that the team has a rigorous, disciplined, and methodical approach to fixed- income investing,"
O'Leary said. "The managers have strong systems in place to evaluate the risk in their funds, and they
carefully monitor it. We think they have a repeatable process, which is reflected in their strong long-term
Morningstar Fund Manager of the Decade Award
Winner: Eric Bushell, Senior Vice-President, Portfolio Management and Chief Investment Officer of
Signature Global Advisors, a division of CI Investments Inc.
"Eric Bushell was the Morningstar Equity Fund Manager of the Year in 2009," O'Leary said. "When you look
over 10 years, he has been a very consistent performer and has done a great job managing risk. He has
also been responsible for the architecture of a strong, credible team that manages more than $24 billion in
total assets across the Signature line of funds. In any given year, you might overlook him, but when you
look over the long term, he has outperformed the overwhelming majority of his competitors."
Analysts' Choice Investment Fund Company of the Year Award
Winner: Dynamic Funds
Silver: CI Investments Inc.
Bronze: RBC Global Asset Management Inc.
This award is chosen by the Investment Fund Analyst Committee, which includes analysts from across the
industry and Morningstar. The criteria include performance, risk management, breadth of offerings,
investor and advisor education, fund governance, and communication to investors.
Advisors' Choice Investment Fund Company of the Year Award
Winner: Dynamic Funds
This award is voted on by Canadian advisors. Mutual fund, hedge fund or other investment fund companies
qualify. Advisors consider quality and range of products, performance, fees, service, education, community
investment, and management.
Career Achievement Award
Winner: John W. Kellett
Kellett was honoured for his more than four decades of distinguished service in the investment industry.
Currently with Scotia Asset Management L.P., he was a long-time employee of the RBC organization and a
founding partner of what now is Royal Bank Investment Management. His award also reflects his many
community service activities.
Mutual Fund Award Winners
Best Asian Equity Fund
Winner: Dynamic Far East Value, Dynamic Funds
Silver: BMO Guardian Asian Growth & Income, BMO Investments Inc.
Bronze: Fidelity Far East, Fidelity Investments Canada ULC
Best Canadian Balanced Fund
Winner: TD Monthly Income, TD Mutual Funds
Silver: RBC Monthly Income, RBC Global Asset Management Inc.
Bronze: Dynamic Dividend Income, Dynamic Funds
Best Canadian Dividend & Income Equity Fund
Winner: Dynamic Dividend, Dynamic Funds
Silver: CI Signature Dividend, CI Investments Inc.
Bronze: Bissett Canadian Dividend, Franklin Templeton Investments Corporation
Best Canadian Equity Fund
Winner: Dynamic Value Fund of Canada, Dynamic Funds
Silver/Tie: Beutel Goodman Canadian Equity, Beutel Goodman & Company Ltd. and
Fidelity Canadian Disciplined Equity, Fidelity Investments Canada ULC
Best Canadian Fixed Income Fund
Winner: TD Canadian Bond, TD Mutual Funds
Silver: PH&N Bond, Phillips, Hager & North Investment Management Ltd.
Bronze: Beutel Goodman Income, Beutel Goodman & Company Ltd.
Best Canadian Small/Mid Cap Equity Fund
Winner: Dynamic Small Business, Dynamic Funds
Silver: Beutel Goodman Small Cap, Beutel Goodman & Company Ltd.
Bronze: BMO Guardian Enterprise, BMO Investments Inc.
Best Emerging Markets Equity Fund
Winner: AGF Emerging Markets, AGF Funds Inc.
Silver: Brandes Emerging Markets Equity, Brandes Investment Partners & Company
Bronze: Desjardins Emerging Markets, Fédération des caisses Desjardins du Québec
Best European Equity Fund
Winner: Mackenzie Ivy European, Mackenzie Financial Corporation
Silver: Invesco European Grown, Invesco Trimark Ltd.
Bronze: TD European Growth, TD Mutual Funds
Best Global Balanced Fund
Winner: CI Signature High Income, CI Investments Inc.
Silver: Dynamic Value Balanced, Dynamic Funds
Bronze: Mawer Canadian Balanced RSP, Mawer Investment Management Ltd.
Best Global Equity Fund
Winner: Dynamic Power Global Growth, Dynamic Funds
Silver: Hartford Global Leaders, Hartford Investments Canada Corporation
Bronze: Mackenzie Ivy Foreign Equity, Mackenzie Financial Corporation
Best Global Fixed Income Fund
Winner: Templeton Global Bond, Franklin Templeton Investments Corporation
Silver: BMO Guardian Global Bond, BMO Investments Inc.
Bronze/Tie: Manulife Strategic Income, Manulife Mutual Funds and RBC Global Bond, RBC Global Asset
Best Global Small/Mid Cap Equity Fund
Winner: Mackenzie Cundill Recovery, Mackenzie Financial Corporation
Silver: Chou Associates, Chou Associates Management Inc.
Bronze: Templeton Global Smaller Companies, Franklin Templeton Investment Corporation
Best Healthcare Equity Fund
Winner: TD Health Sciences, TD Mutual Funds
Silver: CI Global Health Sciences, CI Investments Inc.
Bronze: RBC Global Health Sciences, RBC Global Asset Management Inc.
Best High Yield Fixed Income Fund
Winner: RBC Global High Yield, RBC Global Asset Management Inc.
Silver: Fidelity American High Yield, Fidelity Investments Canada Ltd.
Bronze: AGF Canadian High Yield Bond, AGF Funds Inc.
Best International Equity Fund
Winner: Invesco International Growth, Invesco Trimark Ltd.
Silver: Renaissance International Equity, CIBC Asset Management Inc.
Bronze: Mackenzie Universal International Stock, Mackenzie Financial Corporation
Best Natural Resources Equity Fund
Winner: Dynamic Focus+ Resource, Dynamic Funds
Silver: CI Signature Canadian Resource, CI Investments Inc.
Bronze: Front Street Special Opportunities, Front Street Capital
Best Precious Metals Equity Fund
Winner: Sentry Precious Metals Growth, Sentry Select Capital Corporation
Silver: Dynamic Precious Metals, Dynamic Funds
Bronze: RBC Global Precious Metals, RBC Global Asset Management Inc.
Best Science and Technology Equity Fund
Winner: CI Global Science & Technology, CI Investments Inc.
Silver: BMO Guardian Global Technology, BMO Investments Inc.
Bronze: Mackenzie Universal Technology, Mackenzie Financial Corporation
Best US Equity Fund
Winner: Dynamic American Value, Dynamic Funds
Silver: Dynamic Power American Growth, Dynamic Funds
Bronze: CI American Value, CI Investments Inc.
Best US Small/Mid Cap Equity Fund
Winner: Mackenzie Universal American Growth, Mackenzie Financial Corporation
Silver: Mackenzie Universal US Emerging Growth, Mackenzie Financial Corporation
Bronze: TD US Mid-Cap Growth, TD Mutual Funds
Pooled Fund Award Winners
Best Canadian Balanced Pooled Fund
Winner: QV Canadian Balanced, QV Investors Inc.
Silver: Beutel Goodman Balanced, Beutel Goodman & Company Ltd.
Bronze: Fidelity Canadian Balanced, Fidelity Investments Canada Ltd.
Best Canadian Equity Pooled Fund
Winner: Mawer Canadian Equity, Mawer Investment Management Ltd.
Silver: Goodman Canadian Equity Value, Goodman & Company Investment Counsel Ltd.
Bronze: Beutel Goodman Canadian Equity, Beutel Goodman & Company Ltd.
Best Canadian Income Pooled Fund
Winner: Beutel Goodman Income, Beutel Goodman & Company Ltd.
Silver: Baker Gilmore Bond, Connor Clark & Lunn Financial Group
Bronze: PIMCO Canada Canadian CorePLUS Bond, PIMCO LLC
Best Canadian Small/Mid Cap Pooled Fund
Winner: Beutel Goodman Small Cap, Beutel Goodman & Company Ltd.
Silver: Burgundy Canadian Small Cap, Burgundy Asset Management Ltd.
Bronze: CC&L Canadian Small Cap, Connor Clark & Lunn Financial Group
Best Global Balanced Pooled Fund
Winner: Mawer Canadian Diversified Investment, Mawer Investment Management Ltd.
Silver: Burgundy Partners Balanced RSP, Burgundy Asset Management Ltd.
Bronze: Leith Wheeler Balanced, Leith Wheeler Investment Counsel Ltd.
Best Global Equity Pooled Fund
Winner: Hexavest World, Hexavest Asset Management
Silver: Burgundy Partners Global, Burgundy Asset Management Ltd.
Bronze: Sprucegrove Global Equity, Sprucegrove Investment Management Ltd.
Best International Equity Pooled Fund
Winner: Mawer World Investment, Mawer Investment Management Ltd.
Silver: Hexavest Europac, Hexavest Asset Management
Bronze: Burgundy EAFE, Burgundy Asset Management Ltd.
Best US Equity Pooled Fund
Winner: Hexavest US, Hexavest Asset Management
Silver: Beutel Goodman American Equity, Beutel Goodman & Company Ltd.
Bronze: CI American Value, CI Investments Inc.
Hedge Fund Award Winners
Best Multi-Strategy/Fund of Funds Hedge Fund
Winner: North Pole Multi-Strategy Class, Polar Securities Inc.
Silver: Spartan Multi-Strategy Fund, Spartan Fund Management Inc.
Best Opportunistic Hedge Fund
Winner: PH&N Absolute Return, Phillips, Hager & North Investment Management Ltd.
Silver: Friedberg Global Macro Hedge Fund Ltd., Friedberg Mercantile Group Ltd.
Bronze: Di Tomasso Equilibrium Fund, Di Tomasso Group Inc.
Best Relative Value Hedge Fund
Winner: Sentry Select Market Neutral LP, Sentry Select Investments Inc.
Silver: Picton Mahoney Market Neutral Equity, Picton Mahoney Asset Management
Bronze: Altairis Long/Short Class, Polar Securities Inc.
Investor Education Award, sponsored by Investment Funds Institute of Canada (IFIC)
Winner: Your Retirement Briefcase, National Bank Financial Group
Silver: BMO Guardian Registered Disability Savings Plan, BMO Mutual Funds
Best Marketing Campaign
Winner: "It's time to get Dynamic," Dynamic Funds
Silver: 300 Billion Reasons to Talk Russell Investments, Russell Investments Canada Ltd.
Bronze: Manulife Yield Opportunities Fund launch, Manulife Mutual Funds
Best Use of Technology
Winner: IFDS Touch Screen Classification, International Financial Data Services - Canada
Silver: Qtrade MobileWeb, Qtrade Financial Group
Best Discount Brokerage
Winner: Qtrade Financial Group
Silver: TD Waterhouse, TD Wealth Management
Bronze/Tie: Credential Direct and RBC Direct Investing
Morningstar Best ETF Initiative
Winner: BMO Exchange Traded Funds Launch, BMO Asset Management Inc.
Silver: Horizons BetaPro S&P/TSX 60 ETF Launch, BetaPro Management Inc.
About Morningstar and Morningstar Research Inc.
Morningstar Research Inc. is a Canadian subsidiary of Chicago-based Morningstar, Inc., a leading provider
of independent investment research in North America, Europe, Australia, and Asia. Morningstar offers an
extensive line of Internet, software, and print-based products and services for individuals, financial
advisors, and institutions. Morningstar provides data on approximately 360,000 investment offerings,
including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than
4 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign
exchange and Treasury markets. The company has operations in 21 countries.
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