TORONTO, Nov. 8, 2018 /CNW/ - CI Investments Inc. ("CI")
and First Asset Investment Management Inc. ("First Asset"), an
affiliate of CI, announced today that they have each been honoured
with 2018 Thomson Reuters Lipper Fund Awards. The awards recognize
funds that have provided consistently strong risk-adjusted
performance, relative to peers.
"We congratulate our portfolio managers on their impressive work
and these well-deserved accolades," said Neal Kerr, Executive Vice-President, Investment
Management at CI. "These awards reflect the deep expertise that
CI's portfolio management teams have developed across categories
and asset classes and their focus on achieving consistent
risk-adjusted returns over the long term."
"We are very proud to have earned two Lipper Fund Awards," said
Rohit Mehta, President, First Asset.
"These awards speak to the quality and strength of the ETF
solutions we have built at First Asset since we first began
offering ETFs in 2011."
The 2018 Lipper Fund Awards for Canada were announced last night in
Toronto. The winning CI funds
are:
- Cambridge Canadian Dividend Fund was a winner in the
Canadian dividend and income equity category over five years. The
fund is managed by Stephen Groff of
Cambridge Global Asset Management.
- Cambridge Global High Income Fund was a winner in
the tactical balanced category over 10 years and is co-managed by
Cambridge Global Asset Management's Robert
Swanson and Paul
Marcogliese.
- Sentry Small/Mid Cap Income Fund was a winner in the
Canadian-focused small/mid-cap equity category for its 10-year
returns. The Lead Portfolio Manager of the fund is Aubrey Hearn of Sentry Investment
Management.
- Sentry Precious Metals Fund was an award recipient in
the precious metals equity category over 10 years and is managed by
Sentry Investment Management's Jon
Case.
The winning First Asset ETFs are:
- First Asset Morningstar National Bank Québec Index ETF
(QXM) won in the Canadian equity ETF category for its five-year
performance.
- First Asset Morningstar International Value Index ETF
(Unhedged) (VXM.B) won in the international equity ETF category
over three years.
About CI Investments – Trusted Partner in
Wealth™
CI Investments 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 is a subsidiary of CI Financial Corp. (TSX: CIX), an
independent, Canadian-owned wealth management firm with
$172.5 billion in fee-earning assets
as of October 31, 2018.
First Asset – Smart SolutionsTM
First Asset, a CI Financial Company, is a Canadian investment firm
delivering a comprehensive suite of smart ETF solutions. Rooted in
strong fundamentals, First Asset's smart solutions strive to
deliver better risk-adjusted returns than the broad market, while
helping investors achieve their personal financial goals.
About the Lipper Awards Methodology
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.
Cambridge Canadian Dividend Fund (Class D units) was
named Best Canadian Dividend Fund Global five years ending
July 31, 2018 out of a category total
of 73 funds (3 years), 69 funds (5 years), 46 funds (10 years).
Performance for the fund for the period ended September 30, 2018 was 3.19% (1 year), 8.21% (3
years), 10.48% (5 years) and 10.05% (10 years). The corresponding
Lipper Leader ratings of the fund for the same period were: 5 (3
years), 5 (5 years) and 5 (10 years).
Cambridge Global High Income Fund (Class A units) was named
Best Tactical Balanced Fund for 10 years ending July 31, 2018, out of a category total of 40
funds (3 years), 31 funds (5 years), 10 funds (10 years).
Performance for the fund for the period ended September 30, 2018 was 2.3% (year 1), 3.3% (3
years), 5.2% (5 years) and 7.5% (10 years). The corresponding
Lipper Leader ratings of the fund for the same period were: 2 (3
years), 2 (5 years), and 4 (10 years).
Sentry Small/Mid Cap Income Fund (Series A units) was named
Best Canadian Focused Sm/Mid Cap Equity for 10 years ending
July 31, 2018 out of a category total
of 19 funds (3 years), 17 funds (5 years) and 14 funds (10 years).
Performance for the fund for the period ended September 30, 2018 was 5.01% (1
year), 9.79% (3 years), 9.82% (5 years) and 13.74% (10 years).
The corresponding Lipper Leader ratings of the fund for the same
period were: 2 (3 years), 3 (5 years) and 5 (10 years).
Sentry Precious Metals Fund (Series A units) was named Best
Precious Metals Equity fund for 10 years ending July 31, 2018 out of a category total of 12 funds
(3 years), 12 funds (5 years), 11 funds (10 years). Performance for
the fund for the period ended September 30,
2018 was -18.94% (1 year), 8.55% (3 years), 1.50% (5
years) and 3.82% (10 years). The corresponding Lipper Leader
ratings of the fund for the same period were: 2 (3 years), 3 (5
years), and 5 (10 years).
First Asset Morningstar National Bank Québec Index ETF (QXM)
was named Best Canadian Equity ETF for 5 years ending July 31, 2018 out of a category total of 23 funds
(3 years), 19 funds (5 years), N/A funds (10 years). Performance
for the fund for the period ended September
30, 2018 was -2.88% (1 year), 6.75% (3 years), 9.58% (5
years) and N/A (10 years). The corresponding Lipper Leader ratings
of the fund for the same period were: 4 (3 years), 5 (5 years), and
N/A (10 years).
First Asset Morningstar International Value Index ETF
(unhedged) (VXM.B) was named Best International Equity ETF over 3
years ending July 31, 2018 out of a
category total of 17 funds (3 years), N/A (5 years), N/A (10
years). Performance for the fund for the period ended September 30, 2018 was -7.40% (1 year),
7.01% (3 years), N/A (5 years) and N/A (10 years). The
corresponding Lipper Leader ratings of the fund for the same period
were: 5 (3 years), N/A (5 years), and N/A (10 years).
Commissions, trailing commissions, management fees and
expenses may be associated with mutual fund investments. Please
read the prospectus before investing. Mutual funds and ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. The indicated rates of return are the historical
annual compound total returns including changes in unit value and
reinvestment of all distributions and do not take into account
sales, redemption, distribution or operational charges or income
taxes payable by any securityholder that would have reduced
returns. Performance is calculated net of all fees. The performance
information shown is for a particular class of units and may not be
indicative of the performance of other classes or series of the
same fund. Variations in performance data among various classes or
series of the same fund are due to differences in management fees
attributed to each class or series. You will usually pay brokerage
fees to your dealer if you purchase or sell units of an ETF on the
Toronto Stock Exchange (the "TSX"). If the units are purchased or
sold on the TSX, 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.
®CI Investments, the CI Investments design, and Cambridge are registered trademarks of CI
Investments Inc. ™Sentry Investment Management is a trademark of CI
Investments Inc. The First Asset ETFs are managed by First Asset
Investment Management Inc., a subsidiary of First Asset Capital
Corp. (FA Capital). ™First Asset and its logo are trademarks of FA
Capital. ®CI FINANCIAL is a registered trademark of CI
Investment Inc., used under license.
Cambridge Global Asset Management and Sentry Investment
Management are each a division of CI Investments Inc.
Certain funds associated with Cambridge Global Asset
Management are sub-advised by CI Global Investments Inc., a firm
registered with the U.S. Securities and Exchange Commission and an
affiliate of CI Investments Inc. Robert
Swanson is associated with CI Global Investments
Inc.
SOURCE CI Financial Corp.