Manulife Asset Management Ltd. was the big winner at Fundata Canada Inc.’s annual awards ceremony with 34 of its mutual funds and segregated funds being recognized with FundGrade A+ Awards. (Both firms are based in Toronto.)
A total of 60 companies representing 274 Canadian investment funds were honoured at the 2018 awards gala event in Toronto on Thursday night.
Receiving the A+ Award for 2018 were 168 mutual funds, 41 ETFs, 62 segregated funds, and three responsible investing funds.
The FundGrade A+ Award is given annually to investment funds and managers who have shown consistent, outstanding, risk-adjusted performance through the year, based on up to 10 years of history.
Dynamic Funds and Sun Life Assurance Co., both based in Toronto, each received 23 awards, which were bestowed on a combination of mutual funds and seg funds.
Toronto-based CI Investment Inc. was recognized with awards for 21 of its mutual and segregated funds.
“The need for absolutely reliable performance data and a truly objective rating system has never been greater,” says Janny Vincent, resident and CEO of Fundata, in a release.
“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,” Vincent adds.
A full list of the award-winning funds can be found on the Fundata Canada website.