TSX Symbol: CIX
TORONTO, Jan. 26, 2017 /CNW/ - CI Investments Inc.
("CI") announced today that 23 of its investment funds have
received 2016 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.
CI's winning mutual funds were:
- Cambridge Asset Allocation Corporate Class
- Cambridge Canadian Dividend Fund
- Cambridge Global High Income Fund
- Cambridge Pure Canadian Equity Fund
- Portfolio Series Income Fund
- United International Equity Growth Pool.
In addition, 17 CI segregated funds were also named winners in
their categories.
The Cambridge funds and United
International Equity Growth Pool are managed by Cambridge Global
Asset Management, a division of CI that manages approximately
$20 billion in a diversified lineup
of Canadian and global equity, income and balanced mandates.
"CI is extremely proud of our Cambridge team as they continue to earn awards
based on the excellent results they've achieved for
investors across their lineup of funds," said
Neal Kerr, Executive Vice-President,
Investment Management, at CI Investments. "The FundGrade A+ Awards,
which are focused on consistency of strong risk-adjusted returns,
are very much in line with the Cambridge approach to investing."
Five segregated funds that invest in Cambridge funds were also recipients of a
FundGrade A+ award.
Portfolio Series Income Fund is part of Portfolio Series, a
managed solutions program overseen by CI Multi-Asset Management.
The team manages the funds using an active, multi-asset-class
approach. In addition to the award for Portfolio Series Income
Fund, two segregated funds that invest in Portfolio Series funds
were FundGrade A+ winners.
Cambridge and CI Multi-Asset
Management were also recipients of Lipper Fund Awards in 2016.
"We congratulate our portfolio managers for achieving
industry-leading risk-adjusted returns; this recognition is well
deserved," Mr. Kerr said.
About CI Investments – Canada's Investment Company
CI
Investments Inc. is one of Canada's largest investment management
companies. CI offers a broad 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 $155.6 billion
in assets as of December 31,
2016.
The FundGrade A+™ Awards 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 rating, which is subject to change
every month. The funds with the highest 10% receive a grade of A,
the next 20% a grade of B, the middle 40% a grade of C, the next
20% a grade of D, and the lowest 10% a grade of E. Eligible funds
must have received a FundGrade rating every month in the previous
year to be considered for the annual FundGrade A+ Awards.The
FundGrade A+ uses a GPA-style calculation, where each monthly
FundGrade rating 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 an A+ rating.
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.
Fund
Name
|
CIFSC
Category
|
Fund
count
|
FundGrade start date
|
FundGrade
calculation date
|
Cambridge Asset
Allocation Corporate Class
|
Tactical
Balanced
|
136
|
1/31/2008
|
12/31/2016
|
Cambridge Canadian
Dividend Fund
|
Canadian Dividend
& Income Equity
|
308
|
1/31/2007
|
12/31/2016
|
Cambridge Global
High Income Fund
|
Tactical
balanced
|
136
|
1/31/2007
|
12/31/2016
|
Cambridge Pure
Canadian Equity Fund
|
Canadian Small/Mid
Cap Equity
|
131
|
1/31/2012
|
12/31/2016
|
Portfolio Series
Income Fund
|
Global Fixed
Income Balanced
|
228
|
1/31/2007
|
12/31/2016
|
United
International Equity Growth Pool
|
International
Equity
|
285
|
1/31/2007
|
12/31/2016
|
Class A performance as of December 31,
2016: Cambridge Asset Allocation Corporate Class,
1 year, 6.5%; 3 years, 6.9%; 5 years, 8.5%; and since inception,
5.9% (Dec. 2007); Cambridge
Canadian Dividend Fund, 1 year, 16.2%; 3 years, 13.3%; 5
years, 11.1%; 10 years, 6.3%; Cambridge Global High Income
Fund, 1 year, 4.0%; 3 years, 5.1%; 5 years, 6.7%; and 10
years, 7.4%; Cambridge Pure Canadian Equity Fund, 1
year, 21.9%; 3 years, 9.6%; 5 years, 21.1%; and since inception,
17.9% (Feb. 2011); Portfolio
Series Income Fund, 1 year, 3.5%; 3 years, 5.2%; 5 years,
6.1%; and 10 years, 4.8%. Performance for United International
Equity Growth Pool (Class W) at December 31,
2016 was 1 year, -0.3%; 3 years, 8.0%; 5 years, 16.6%; and
10 years, 4.4%.
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.
The Lipper Fund Awards, granted annually, are part of the
Thomson Reuters Awards for Excellence and highlight funds that have
excelled in delivering consistently strong risk-adjusted
performance relative to their peers. The Lipper Fund Awards are
based on the Lipper Ratings for Consistent Return, which is a
risk-adjusted performance measure calculated over 36, 60 and 120
month periods. The highest 20% of funds in each category are named
Lipper Leaders for Consistent Return and receive a score of 5, the
next 20% receive a score of 4, the middle 20% are scored 3, the
next 20% are scored 2 and the lowest 20% are scored 1. The highest
Lipper Leader for Consistent Return in each category wins the
Lipper Fund Award. Lipper Leader ratings change monthly. For more
information, see www.lipperweb.com. Although Lipper makes
reasonable efforts to ensure the accuracy and reliability of the
data contained herein, the accuracy is not guaranteed by
Lipper.
SOURCE CI Investments Inc.