The FundGrade A+ Award is given annually to investment funds and managers
who have shown consistent, outstanding, risk-adjusted performance
throughout the year. 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.
Receiving the A+ Award for 2018 were 168 mutual funds, 41 exchange-traded
funds (ETFs), 62 segregated funds, and 3 Responsible Investing funds.
Canadian investment funds have over $1.4 trillion in assets under
management, while Fundata tracks over 43,000 investment funds. “The need
for absolutely reliable performance data and a truly objective rating
system has never been greater,” said Janny Vincent, President and CEO of
Fundata Canada Inc. Ms. Vincent added that Award winners join a small and
highly prestigious group. “Tonight’s 274 winning funds represent only about
5 percent of the eligible mutual funds, segregated funds, and ETFs tracked
by Fundata,” she said.
The FundGrade A+ Rating uses a score-based calculation to arrive at a
grade-point average that ranks investment funds to determine the annual
“best-of-the-best” ratings. The top-performing funds with a responsible
investing mandate were honoured separately, with a winner from each of the
Equity, Balanced, and Fixed Income categories.
The investment fund industry is a crucial component of Canadians’ net worth
accounting for nearly 40% of Canadians’ financial wealth. And the ETF
industry continues to grow, reaching a new high of $156 billion in assets
under management at the end of 2018.
“We take pride in the fact that the FundGrade A+ Award has been embraced by
our industry as a truly independent and objective benchmark, and an
acknowledgement of superior fund performance,” said Ms. Vincent.
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 43,000 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.
For more information and a complete list of the funds receiving the
Fundata FundGrade A+ Award for the calendar year 2018, please visit
www.fundgradeawards.com.
Disclaimer
© 2019 by Fund Library. All rights reserved. Reproduction in whole or in
part by any means without prior written permission is prohibited.
The foregoing is for general information purposes only and is the opinion
of the writer. No guarantee of investment performance is made or implied.
It is not intended to provide specific personalized advice including,
without limitation, investment, financial, legal, accounting or tax advice.
