City skyline at night

CI Investments Inc. was the big winner at Fundata Canada Inc.’s annual awards ceremony with 32 of its mutual funds and segregated funds being recognized with FundGrade A+ Awards. (Both firms are based in Toronto.)

A total of 57 companies representing 298 Canadian investment funds were honoured at the 2017 awards gala event in Toronto on Thursday night. The FundGrade A+ Award is given annually to investment funds and managers who have shown consistent, outstanding, risk-adjusted performance through the year.

“Our award-winning mutual funds are managed by five distinct CI investment teams — a testament to the breadth and depth of our portfolio management lineup,” says Neal Kerr, executive vice president, investment management at CI Investments, in a statement. “Congratulations to our portfolio managers for this well-deserved recognition.”

Toronto-based Manulife Investments received the second highest number of awards, 28 of which which were bestowed on a combination of mutual funds and seg funds.

Toronto-based Sun Life Global Investments (Canada) Inc. rounds out the top three recognized companies with awards for 26 of its mutual and segregated funds.

The FundGrade A+ Rating is a quantitative award system that uses a score-based calculation to arrive at a grade-point average, which ranks funds to determine the annual “best-of-the-best” investment fund ratings. Seg funds and responsible investing (RI) funds are ranked separately.

In all, 170 mutual funds, 38 ETFs, 63 seg funds, and three RI funds were honoured.

A full list of the award-winning funds can be found on Fundata Canada’s website.