TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) announces it has received 38 FundGrade A+® Awards, which are presented annually by Fundata Canada Inc. to acknowledge Canadian investment funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year.
The winning CI GAM funds include 16 mutual funds and exchange-traded funds and 22 SunWise Elite and SunWise Essential segregated funds managed by CI GAM.
“I congratulate our investment team on achieving this important recognition of investment excellence,” said Marc-André Lewis, Head of Investment Management for CI GAM. “We believe our improved performance is attributable to fundamentally changing our investment platform from a multi-boutique model to an integrated global investment management platform.
“In 2022, we continue to advance all aspects of our capabilities in research, portfolio construction and risk management, with the goal of helping our clients successfully navigate an increasingly complex investment landscape and achieve their financial goals,” Mr. Lewis said.
CI’s winning mutual funds and ETFs are:
Investment Fund |
Portfolio Management Team |
CI GAM |
|
CI GAM |
|
CI GAM |
|
CI GAM |
|
CI GAM |
|
CI GAM |
|
CI GAM |
|
CI GAM |
|
Picton Mahoney Asset Management* |
|
CI GAM |
|
CI GAM |
|
CI GAM |
|
Munro Partners* |
|
CI Munro Alternative Global Growth Fund (ETF Series) (TSX: CMAG) |
Munro Partners* |
CI GAM |
|
Wellington Management Canada ULC* |
The awards were announced today by Fundata Canada. For more information on the FundGrade A+® Awards, please visit its website.
About CI Global Asset Management
CI Global Asset Management 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 Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with approximately $384.1 billion in assets as of December 31, 2021.
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.
List of winning funds
Fund Name |
CIFSC Category (1) |
Fund Count (2) |
FundGrade Start Date (3) |
CI Canadian Convertible Bond ETF (TSX: CXF) |
Canadian Corporate Fixed Income |
51 |
1/31/2012 |
CI Canadian Core Plus Bond Fund |
Canadian Fixed Income |
309 |
1/31/2016 |
CI Canadian Dividend Fund |
Canadian Dividend & Income Equity |
277 |
1/31/2012 |
CI Canadian Equity Private Pool |
Canadian Equity |
379 |
1/31/2019 |
CI Canadian REIT ETF (TSX: RIT) |
Real Estate Equity |
71 |
1/31/2012 |
CI Floating Rate Income Fund |
Floating Rate Loan |
57 |
1/31/2018 |
CI Global Asset Allocation Private Pool |
Global Neutral Balanced |
893 |
1/31/2019 |
CI Global Core Plus Bond Fund |
Canadian Fixed Income |
309 |
1/31/2016 |
CI Global Equity Momentum Private Pool |
Global Equity |
1127 |
1/31/2019 |
CI Global Income & Growth Fund |
Global Neutral Balanced |
893 |
1/31/2012 |
CI Global Investment Grade Class |
Global Fixed Income |
251 |
1/31/2017 |
CI Morningstar International Momentum Index ETF (TSX: ZXM) |
International Equity |
382 |
1/31/2015 |
CI Munro Alternative Global Growth Fund |
Alternative Equity Focused |
34 |
1/31/2019 |
CI Munro Alternative Global Growth Fund (ETF Series) (TSX: CMAG) |
Alternative Equity Focused |
34 |
1/31/2019 |
CI Preferred Share ETF (TSX: FPR) |
Preferred Share Fixed Income |
50 |
1/31/2017 |
US Equity Growth Pool |
U.S. Equity |
833 |
1/31/2012 |
- Canadian Investment Funds Standards Committee (CIFSC).
- Number of peers in each category.
- As used by Fundata to calculate relevant time period. The end date for the FundGrade calculation is December 31, 2021 for all funds.
Performance for CI Canadian Convertible Bond ETF (TSX: CXF) for the period ended December 31, 2021 is as follows: 1 year, 6.0%; 3 years, 8.9%; 5 years, 5.7%; and 10 years, 5.6%.
Performance for CI Canadian Core Plus Bond Fund Series A for the period ended December 31, 2021 is as follows: 1 year, -2.3%; 3 years, 4.7%; and since inception, 4.7% (2018-12-12).
Performance for CI Canadian Dividend Fund Series A for the period ended December 31, 2021 is as follows: 1 year, 30.5%; 3 years, 14.0%; 5 years, 9.2%; and 10 years, 10.2%.
Performance for CI Canadian Equity Private Pool Series A for the period ended December 31, 2021 is as follows: 1 year, 21.8%; 3 years, 18.0%; and since inception, 15.4% (2018-10-29).
Performance for CI Canadian REIT ETF (TSX: RIT) for the period ended December 31, 2021 is as follows: 1 year, 34.5%; 3 years, 15.4%; 5 years, 12.3%; and 10 years, 11.5%.
Performance for CI Floating Rate Income Fund Series A for the period ended December 31, 2021 is as follows: 1 year, 6.8%; 3 years, 5.2%; and since inception, 3.5% (2017-06-01).
Performance for CI Global Asset Allocation Private Pool Series A for the period ended December 31, 2021 is as follows: 1 year, 13.6%; 3 years, 12.1%; and since inception, 10.5% (2018-10-29).
Performance for CI Global Core Plus Bond Fund Series A for the period ended December 31, 2021 is as follows: 1 year, -0.2%; 3 years, 5.3%; 5 years, 3.0%; and since inception, 2.7% (2015-12-21).
Performance for CI Global Equity Momentum Private Pool Series A for the period ended December 31, 2021 is as follows: 1 year, 24.7%; 3 years, 20.8%; and since inception, 18.3% (2018-10-29).
Performance for CI Global Income & Growth Fund Series A for the period ended December 31, 2021 is as follows: 1 year, 13.6%; 3 years, 12.6%; 5 years, 8.7%; and 10 years, 9.4%.
Performance for CI Global Investment Grade Class Series A for the period ended December 31, 2021 is as follows: 1 year, 0.4%; 3 years, 7.0%; 5 years, 4.7%; and since inception, 4.0% (2016-07-04).
Performance for CI Morningstar International Momentum Index ETF (TSX: ZXM) for the period ended December 31, 2021 is as follows: 1 year, 24.9%; 3 years, 23.6%; 5 years, 14.8%; and since inception, 12.9% (2014-11-13).
Performance for CI Munro Alternative Global Growth Fund Series A for the period ended December 31, 2021 is as follows: 1 year, 8.0%; 3 years, 18.4%; and since inception, 16.0% (2018-11-07).
Performance for CI Munro Alternative Global Growth Fund (ETF Series) (TSX: CMAG) for the period ended December 31, 2021 is as follows: 1 year, 9.1%; and since inception, 21.1% (2020-01-23).
Performance for CI Preferred Share ETF (TSX: FPR) for the period ended December 31, 2021 is as follows: 1 year, 21.9%; 3 years, 10.7%; 5 years, 7.2%; and since inception, 8.2% (2016-05-11).
Performance for US Equity Growth Pool Series A for the period ended December 31, 2021 is as follows: 1 year, 16.9%; 3 years, 25.8%; 5 years, 19.7%; and 10 years, 18.1%.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund and exchange-traded fund (ETF) investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compound total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple 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 and ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.
*Munro Partners, Picton Mahoney Asset Management and Wellington Management Canada ULC are portfolio sub-advisors to certain funds offered and managed by CI Global Asset Management.
SunWise is a registered trademark of Sun Life Assurance Company of Canada. Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is the sole issuer of the individual variable annuity contract providing for investment in SunWise segregated funds. A description of the key features of the applicable individual variable annuity contract is contained in the information folder. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEES, ANY PART OF THE PREMIUM OR OTHER AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE CONTRACTHOLDER AND MAY INCREASE OR DECREASE IN VALUE ACCORDING TO FLUCTUATIONS IN THE MARKET VALUE OF THE ASSETS OF THE RELEVANT SEGREGATED FUND. Please refer to the Legal section of www.ci.com for additional information.
CI Global Asset Management is a registered business name of CI Investments Inc.
©CI Investments Inc. 2022. All rights reserved.
