TORONTO, Jan. 22, 2015 /CNW Telbec/ - Fundata Canada Inc. is pleased to announce the winners of the Fundata FundGrade A+ Award for 2014. At an awards ceremony held on Wednesday, January 21, 2015, in Toronto, 56 companies representing a total of 225 funds received the Fundata FundGrade A+ Award.
The FundGrade A+ Rating is a totally objective, transparent, score-based calculation using a grade-point average that ranks funds to determine the annual "best-of-the-best" investment fund ratings. As such, the FundGrade A+ Rating provides investors, advisors, and fund managers with a single, reliable, easy-to-understand fund-performance rating based on up to 10 years of history.
Janny Vincent, President and CEO of Fundata Canada Inc., said, "Achieving a FundGrade A+ Rating denotes inclusion in an exclusive group, because less than 4% of the investment fund products available in Canada have received a FundGrade A+ rating."
Ms. Vincent pointed out that for a very large number of Canadians, the fund industry is an extremely important and intrinsic part of how they manage their investments. Recent research has shown that over 80% of Canadians have greater confidence in mutual funds to meet their financial goals than other financial products. As of last year, the mutual fund industry hit a milestone of over $1 trillion in assets under management, while exchange traded funds grew to over $77 billion in assets under management.
"We feel that singling out Canada's top investment funds with the FundGrade A+ Rating allows investors and advisors to easily identify the best of the best over the past year," said Ms. Vincent. "Fundata Canada is pleased – and proud – that the FundGrade A+ Award has been accepted and embraced by our industry as a truly objective, independent mark of distinction for those funds and fund managers who receive the award," she added.
The FundGrade A+ Rating builds on and enhances the popular Fundata FundGrade fund rating system. The FundGrade A+ Rating is awarded annually to funds that have achieved consistently high FundGrade scores through an entire calendar year.
For more information and a complete list of the funds receiving the Fundata FundGrade A+ Rating for the calendar year 2014, please visit the Fundata FundGrade A+ Awards website at http://fundgradeawards.com/Awards.aspx
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. Our database contains data on over 28,000 investment fund products. Fundata provides customized data feeds, top-shelf analytics, cutting-edge software tools, and seamless hosted web solutions for fund companies, back office systems, investment planners, banks, trust companies, resellers and redistributors, and online, print, and broadcast media channels.
About the Fundata FundGrade A+ Rating
The FundGrade A+ Rating identifies funds that have been consistent FundGrade A-Grade performers over the past calendar year. It's the only objective rating system available in the market that's based solely on risk-adjusted performance history and that takes into account the consistency with which a fund is ranked at the top of its CIFSC class.
SOURCE Fundata Canada Inc.
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