SEI's Moderate Fund Honoured for Second Consecutive
Year
TORONTO, Jan. 31, 2019 /CNW/ -- SEI Investments
Canada Company (SEI Canada) today announced its Moderate Fund and
Income 40/60 Fund received Fundata's
FundGrade A+ ™ Award in the "Canadian Fixed
Income Balanced" category out of 366 funds for the 2018 calendar
year. The FundGrade A+ Award is given annually to investment funds
and their managers who have shown consistent, outstanding,
risk-adjusted performance through the year. Fundata recognized
SEI's Moderate Fund with this award in the same category for the
2017 calendar year.
Both funds invest in a selection of underlying SEI funds, which
utilize a manager-of-managers investment strategy, combining
multiple specialist portfolio managers, each of whom is responsible
for managing a portion of the portfolio in accordance with a
specific mandate.
"We are honoured to be recognized for two of SEI's diversified
solutions, which are designed to help investors reach their goals –
the core of our investment philosophy," said Andy Mitchell, Managing Director of SEI Canada.
"As a manager of managers, volatility reduction and risk management
lie at the foundation for our portfolio strategies. Our Moderate
Fund's repeat win demonstrates consistent historical results, and
we believe our multimanager process can serve investors well in
reaching their future goals."
Performance for Class F units of the Moderate Fund for the
period ended Dec. 31, 2018, is as
follows: -0.98% (1 year), 3.08% (3 year), 4.10% (5 year), 5.57% (10
year) and 4.55% (since inception, June 7,
2006). Performance for Class F units of the Income 40/60
Fund for the period ended Dec. 31,
2018, is as follows: -0.64% (1 year), 3.10% (3 year), 4.42%
(5 year), 6.10% (10 year) and 4.51% (since inception, June 7, 2006). Performance shown is for Class F
units, net of the Fund's management fees payable to SEI.
Performance does not reflect any advisory fees that may be payable
to the dealer.
SEI Investments Canada Company, a wholly owned subsidiary of SEI
Investments Company (NASDAQ: SEIC), is the Manager of the SEI Funds
in Canada.
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 security holder
that would have reduced returns. Mutual funds are not
guaranteed, their values change frequently and past performance may
not be repeated.
About SEI
After 50 years in
business, SEI (NASDAQ:SEIC) remains a leading global
provider of investment processing, investment management, and
investment operations solutions that help corporations, financial
institutions, financial advisors, and ultra-high-net-worth families
create and manage wealth. As of Dec. 31,
2018, through its subsidiaries and partnerships in which the
company has a significant interest, SEI manages, advises or
administers $884 billion in hedge,
private equity, mutual fund and pooled or separately managed
assets, including $307 billion in
assets under management and $573
billion in client assets under administration. For more
information, visit seic.com.
*Figures are in US dollars.
About SEI Canada
SEI founded its Canadian business in
1983, pioneering innovative asset management techniques for
institutional investors. Today, SEI offers integrated investment
management and strategic advice solutions to help institutional
investors achieve their organizational goals and fulfill fiduciary
responsibilities. Capitalizing on its investment expertise, SEI
began offering investment solutions to retail investors through
investment advisors in 1994. The investment approach provides
multi-manager, globally diversified strategies with an appropriate
home-country bias for Canadian retail investors. SEI's goals-based
strategies, strategic asset allocation strategies and asset class
funds are available through select dealer relationships. For more
information, visit seic.com/en-CA.
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. Its database contains data on over 35,000
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.
For more information see www.fundata.com.
About the Fundata FundGrade™ Methodology
The objective
of FundGrade is to rank and grade Canadian investment funds, on a
monthly basis, against their peers using risk-adjusted performance
metrics. Letter grades from A to E are used. Each month, FundGrade
ratings are allocated as follows: 'A' is used for the top 10%; 'B'
for the next 20%; 'C' for the middle 40%; 'D' for the next 20%; and
'E' for the bottom 20%. Ratings change on a monthly basis. The
FundGrade rating system incorporates up to 10 years of history and
uses three risk-adjusted performance metrics that are well known
and widely accepted in the investment industry: (1) Sharpe Ratio—a
measure of a fund's excess return relative to total risk. It is
calculated by subtracting the risk-free rate from the fund's return
and dividing by the standard deviation. (2) Sortino Ratio—a measure
of a fund's excess return relative to downside risk. It is
calculated by subtracting the minimum acceptable return from the
fund's return and dividing by the downside deviation. (3)
Information Ratio—a measure of a fund's active return relative to
its tracking error. It is calculated by subtracting the benchmark
return from the fund's return and dividing by the standard
deviation of the difference between the return of the fund and the
return of the benchmark.
See www.fundata.com/images/FundataFundgradeMethodology.pdf for
specific details of FundGrade's ranking algorithm. To make the
grades relevant, funds are only measured against similar investment
products with comparable investment mandates. FundGrade uses the
fund classification standards that have been defined by the
Canadian Investment Funds standards Committee (CIFSC). Funds are
ranked and graded within CIFSC categories.
About the FundGrade A+ Methodology
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 as follows: A grade = 4;
B grade = 3; C grade = 2; D grade = 1; E grade = 0. 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+®. 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.
Company
Contact:
|
Media
Contact:
|
Leslie
Wojcik
|
Anne Hoare
|
SEI
|
SEI Canada
|
+1
610-676-4191
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+1
416-847-6375
|
lwojcik@seic.com
|
ahoare@seic.com
|
SOURCE SEI Investments Canada Company