WINNIPEG, Jan. 26, 2022 /CNW/ - IG Wealth Management ("IG") today announced that five of its funds won 2021 Fundata FundGrade® A+ Awards. These highly regarded awards are presented annually to Canadian investment funds that achieve consistently high FundGrade scores throughout the calendar year.
"We're honoured to accept these prestigious Fundata FundGrade A+ Awards for our funds' strong performance in 2021," said Damon Murchison, President and CEO, IG Wealth Management. "I'd like to thank and congratulate the IG Investment team along with our network of leading global sub-advisory partners. These awards are a great validation of their ongoing efforts to provide clients with innovative investment solutions that deliver performance and help build financial well-being."
IG won awards for the following funds:
Fund |
Category |
iProfile Fixed Income Private Pool |
Global Fixed Income |
iProfile Emerging Markets Private Pool |
Emerging Markets Equity |
IG Putnam U.S. Growth Fund |
U.S. Equity |
IG/CL Balanced GIF
|
Canadian Equity Balanced |
IG/CL Income Growth GIF
|
Canadian Neutral Balanced |
About IG Wealth Management
Founded in 1926, IG Wealth Management is a national leader in delivering personalized financial solutions to Canadians through a network of advisors located across Canada. In addition to an exclusive family of mutual funds and other investment vehicles, IG offers a wide range of other financial services. IG Wealth Management has $119.6 billion in assets under advisement as of December 31, 2021 and is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's leading diversified wealth and asset management companies with approximately $277.1 billion in total assets under management and advisement as of December 31, 2021.
About Fundata Canada Inc.
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.
About the Fundata FundGrade A+ Rating
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.
iProfile Emerging Markets Private Pool Series I was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Emerging Markets Equity category out of a total of 167 funds. Performance for the fund for the period ended December 31, 2021 is as follows: -6.21% (1 year), 12.39% (3 years), 11.89% (5 years), 9.66% (10 years) and 6.07% (since inception- January 2001).
iProfile Fixed Income Private Pool Series I was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Global Fixed Income category out of a total of 251 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 0.04% (1 year), 4.67% (3 years), 3.54% (5 years), 3.69% (10 years) and 4.67% (since inception- January 2001).
IG Putnam U.S. Growth Fund Series A was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the U.S. Equity category out of a total of 833 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 19.57% (1 year), 26.80% (3 years), 21.58% (5 years), 20.13% (10 years) and 20.07% (since inception- November 2011).
IG/CL Balanced GIF Series A 75/100 was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Canadian Equity Balanced category out of a total of 556 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 8.92% (1 year), 10.11% (3 years), 5.94% (5 years), 6.09% 10 years) and 4.96% (since inception- November 2009).
IG/CL Income Growth GIF Series A 75/100 was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Canadian Neutral Balanced category out of a total of 952 funds. Performance for the fund for the period ended December 31, 2021 is as follows: 5.52% (1 year), 8.38% (3 years), 5.08% (5 years), 5.12% (10 years) and 4.43% (since inception- November 2009).
Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns as of December 31, 2021, including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, values change frequently and past performance may not be repeated.
SOURCE IG Wealth Management
Hilary Bassett, 416-951-7558, [email protected]; Lara Berguglia (Québec), 514-994-2382, [email protected]
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