Fidelity Investments Canada ULC, BlackRock Asset Management Canada Ltd. and CI Investments Inc., all based in Toronto, walked away with the most awards in their respective categories at Fundata Canada Inc.’s annual awards ceremony in Toronto on Thursday.
The Fundata FundGrade A+ awards recognized the investments funds that showed consistent, outstanding and risk-adjusted performance in 2015. A total of 213 funds received the A+ Award.
Fidelity received the most awards in the mutual fund category as it was recognized for 23 of its funds. BlackRock received awards for nine of its exchange-traded funds (ETF), which was the most in the ETF category. And CI received awards for 24 of its segregated funds, ahead of other seg fund providers.
“The A+ Award-winning funds join a very elite group, with some 5% of the eligible mutual funds, segregated funds and ETFs tracked by Fundata receiving the A+ Award,” says Janny Vincent, president and CEO of Fundata Canada, in a statement.
Socially responsible investment (SRI) funds were also given their due at the awards ceremony. Phillips, Hager and North Investment Management, a division of Toronto-based RBC Global Asset Management Inc., was the sole award winners in the SRI balanced fund category and SRI equity fund category. Vancouver-based OceanRock Investments Inc. came out on top in the SRI fixed-income fund category.
The awards are based on an objective, transparent, score-based calculation to arrive at a grade-point average that ranks funds to determine the annual “best-of-the-best” investment fund ratings, according to Fundata’s announcement.
A full list of the award-winning funds can be found here: http://fundgradeawards.com/Awards.aspx