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Fundata Canada Inc. is pleased to announce the winners of the Fundata FundGrade A+ Awards for 2021. This year marks the tenth anniversary of the annual A+ Awards. The virtual presentation saw Awards presented to 57 companies representing a total of 386 Canadian investment funds. The presentation is posted online at http://www.fundgradeawards.com/.
The FundGrade A+ Award is given annually to investment funds and managers who have shown consistent, outstanding, risk-adjusted performance incorporating up to 10 years of history. The FundGrade A+ Award provides investors, advisors, and fund managers with a single, reliable, easy-to-understand fund-performance rating that is completely quantitative.
“Some are first-time winners. Others are multi-year winners. All are truly in a class of their own. It’s truly an exclusive group. And indeed, the best of the best,” said Janny Vincent, President and CEO of Fundata Canada Inc.
Receiving the A+ Award for 2021 were 206 mutual funds, 62 exchange-traded funds (ETFs), 115 segregated funds, and 3 Responsible Investing funds. The total of 386 winning funds represent only about 6 percent of the eligible mutual funds and 7 percent of eligible ETFs tracked by Fundata.
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.
Canadian mutual funds have about $2.03 trillion combined in assets under management. With some 3,300 distinct mutual funds from 267 suppliers, mutual fund investors can choose from 39,000 fund variations in series and clones to suit every investment need.
The ETF universe also continued to attract new investment, reaching a new high of $338.5 billion in assets under management as 2021 drew to a close. In addition, fund sponsors added 118 distinct new ETFs in 2021. Investors can now choose from 964 ETFs in the Canadian marketplace as Canada’s ETF providers continue to innovate, providing diversified access to broad market indices as well as to new sectors, including cryptocurrency, cybersecurity, digital health, and metaverse.
“Given such as a large and diversified product universe, and with so much of Canadians’ investment capital under management, it’s more critical than ever that investors, advisors, and fund management professionals have absolutely reliable performance data and truly objective ratings of the kind that Fundata specializes in,” said Ms. Vincent. Since 2012, the A+ Awards have been accepted as an industry standard to fill that need. “Congratulations to all the FundGrade A+ Award winners on a job well done,” she added.
For more information and a complete list of the funds receiving the Fundata FundGrade A+ Rating for the calendar year 2021, please visit www.fundgradeawards.com.
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 40,000 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.
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 2021, please visit www.fundgradeawards.com.
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