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CI Investments funds receive 2017 FundGrade A+ Awards
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:
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."
About CI Investments – Canada's Investment Company List of Winning funds
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. ![]() |