O'Leary Funds Completes Record Year for Mutual Fund Sales in 2014
MONTREAL, Jan. 21, 2015 /CNW Telbec/ - O'Leary Funds Management LP today announced record annual mutual fund sales for 2014.
Sales for the last twelve months reached a new calendar year high of approximately $302 million, a third consecutive year of record sales. "2014 was an important year in the evolution of our business," said Connor O'Brien, CEO of O'Leary Funds and President of Stanton Asset Management Inc., the portfolio advisor to the O'Leary family of funds. "In addition to excellent sales results, we also reached out to record numbers of advisors and their clients, and achieved industry recognition in the form of a Lipper Award for the O'Leary Canadian Bond Yield Fund as best fund in the Canadian Fixed Income Fund Category over three years. A number of funds also achieved significant milestones in 2014, with the O'Leary Canadian Balanced Fund and O'Leary Canadian Dividend Funds posting three and four year track records, respectively."
In addition to the new O'Leary Tactical Income Fund, which was among the firm's 2014 leaders in fund inflows with $58 million, the company also benefited from strong sales from its existing line-up, including the O'Leary Conservative Income Fund, with nearly $56 million in sales, and the O'Leary Floating Rate Income Fund, with approximately $71 million in sales.
"It was also a record year for O'Leary Funds in terms of the number of advisor relationships developed," said Stephen Crawford, Senior Vice-President, National Sales. "With over 34,000 Canadians investing in our funds, we are now doing business with more advisors and their clients than ever before. We thank them for their confidence and trust in O'Leary Funds and look forward to continuing to enhance our relationships in 2015 and beyond."
O'Leary Funds Management LP is a Canadian investment fund manager of mutual funds and closed-end funds striving to provide Canadian investors with reliable and strategic income solutions. Based on our value-yield investment philosophy, Canadian and global investment opportunities are identified through a disciplined investment process. Our core principles, Income, Capital Appreciation and Capital Preservation, are driven by each portfolios investment objectives. Our portfolios are diversified by sector, region and asset class. For more details about O'Leary Funds, visit www.olearyfunds.com.
O'Leary Canadian Bond Yield Fund was awarded the 2014 Lipper Fund Award in the Canadian Fixed Income Fund category for the 3 year period ending July 31, 2014 out of a total of 93 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% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% 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.
SOURCE O'Leary Funds Montréal
Investor Relations at [email protected] or at 877-849-2004 or 514-849-1056
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