TORONTO, Jan. 26, 2018 /CNW/ - CI Investments Inc. ("CI") announced today that 32 of its investment funds have received 2017 FundGrade® A+ Awards, which recognize funds with consistent, outstanding risk-adjusted performance. The awards were announced last night by Fundata Canada Inc., a provider of financial and market data.
The winning CI mutual funds were:
- Black Creek Global Leaders Corporate Class
- CI Investment Grade Bond Fund
- Cambridge Canadian Dividend Fund
- Cambridge Canadian Equity Corporate Class
- Cambridge Growth Companies Corporate Class
- Cambridge Pure Canadian Equity Fund
- Harbour Global Growth & Income Corporate Class
- Signature High Yield Bond II Fund.
In addition, 24 CI-managed segregated funds also received FundGrade A+ Awards.
"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," said Neal Kerr, Executive Vice-President, Investment Management at CI Investments. "Congratulations to our portfolio managers for this well-deserved recognition."
- Black Creek Investment Management, the portfolio advisor to Black Creek Global Leaders Fund, is a Toronto-based firm specializing in global equity investing.
- CI Investment Grade Bond Fund is managed by Marret Asset Management. The firm focuses on investing in investment-grade and high-yield corporate debt, and alternative strategies.
- The Cambridge funds are managed by Cambridge Global Asset Management, a division of CI that manages a diversified lineup of Canadian and global equity, income and balanced mandates.
- Harbour Global Growth & Income Corporate Class is managed by CI's Harbour Advisors team, which focuses on funds geared towards risk-averse investors seeking conservative equity exposure.
- Signature High Yield Bond II Fund is managed by Signature Global Asset Management, which manages core equity, balanced and income-oriented funds, and is CI's largest in-house portfolio management group.
About CI Investments – Canada's Investment Company
CI Investments is one of Canada's largest investment management companies. It offers a wide range of investment products and services, and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $186.3 billion in assets under management and advisement as of December 31, 2017.
List of Winning funds
| Fund Name |
CIFSC Category |
Fund count |
FundGrade start date |
FundGrade calculation date |
| Signature High Yield Bond II Fund Class A |
High Yield Fixed Income |
251 |
1/31/2014 |
12/31/2017 |
| Harbour Global Growth & Income Corporate Class A |
Global Equity Balanced |
588 |
1/31/2008 |
12/31/2017 |
| CI Investment Grade Bond Fund Class A |
Global Fixed Income |
159 |
1/31/2015 |
12/31/2017 |
| Black Creek Global Leaders Corporate Class A |
Global Equity |
838 |
1/31/2012 |
12/31/2017 |
| Cambridge Canadian Equity Corporate Class A |
Canadian Focused Equity |
409 |
1/31/2008 |
12/31/2017 |
| Cambridge Canadian Dividend Fund Class D |
Canadian Dividend & Income Equity |
311 |
1/31/2008 |
12/31/2017 |
| Cambridge Pure Canadian Equity Fund Class A |
Canadian Small/Mid Cap Equity |
136 |
1/31/2012 |
12/31/2017 |
| Cambridge Growth Companies Corporate Class A |
Global Small/Mid Cap Equity |
116 |
1/31/2015 |
12/31/2017 |
Performance as of December 31, 2017: Signature High Yield Bond II Fund Class A, 1 year, 4.72%; 3 years, 5.62%; 5 years, N/A; and since inception, 5.96% (July 2013); Harbour Global Growth & Income Corporate Class A, 1 year, 7.91%; 3 years, 7.43%; 5 years, 11.43%; 10 years, 5.34%; and since inception, 5.32% (Dec. 2002); CI Investment Grade Bond Fund Class A, 1 year; 3.48%; 3 years, 4.14%; 5 years, N/A; and since inception, 4.13% (December 2014); Black Creek Global Leaders Corporate Class A, 1 year 19.28%; 3 years, 15.55%; 5 years, 17.53%; and since inception, 16.21% (Aug. 2011); Cambridge Canadian Equity Corporate Class A, 1 year, 3.98%; 3 years, 6.67%; 5 years, 12.02%; 10 years, 8.01%; and since inception, 8.01% (Dec. 2007); Cambridge Canadian Dividend Fund Class D, 1 year, 7.40%; 3 years, 9.16%; 5 years, 11.97%; 10 years, 7.25%; and since inception, 9.73% (Aug. 2004); Cambridge Pure Canadian Equity Fund Class A, 1 year, -0.4%; 3 years, 4.60%; 5 years, 14.09%; since inception, 15.04% (Feb. 2011); Cambridge Growth Companies Corporate Class A, 1 year, 13.52%; 3 years, 13.14%; 5 years N/A; since inception, 14.02% (July 2014).
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in security value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® Awards are presented by Fundata Canada Inc. to recognize the "best of the best" among Canadian investment funds. The FundGrade A+® calculation is supplemental to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The score for each ratio is calculated individually, covering all time periods from 2 to 10 years. The scores are then weighted equally in calculating a monthly FundGrade. The top 10% of funds earn an A Grade; the next 20% of funds earn a B Grade; the next 40% of funds earn a C Grade; the next 20% of funds receive a D Grade; and the lowest 10% of funds receive an E Grade. To be eligible, a fund must have received a FundGrade rating every month in the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from "A" to "E" receives a score from 4 to 0, respectively. A fund's average score for the year determines its GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade A+® Award. For more information, see www.FundGradeAwards.com. Although Fundata makes every effort to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Fundata.
SOURCE CI Financial Corp.
Murray Oxby, Vice-President, Communications, CI Investments, (416) 681-3254, [email protected]
Share this article