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TORONTO, Jan. 25, 2019 /CNW/ - First Asset Investment
Management Inc. ("First Asset") announced today that 4 of its
exchange-traded funds ("ETFs") and one of its mutual funds have
received 2018 FundGrade A+® Awards. These coveted awards recognize
funds with consistent, outstanding risk-adjusted performance. The
awards were announced by Fundata Canada Inc. at their annual
Evening of Excellence gala last night in Toronto.
The winning funds are:
- First Asset Canadian REIT ETF (RIT: TSX)
- First Asset Canadian Convertible Bond ETF (CXF: TSX)
- First Asset Energy Giants Covered Call ETF (NXF: TSX)
- First Asset Morningstar National Bank Québec Index ETF (QXM:
TSX)
- First Asset REIT Income Fund (Class A)
"The FundGrade A+ Awards have become a highly prized achievement
in the Canadian investment industry, and we are so proud to have
five First Asset solutions honoured with this distinction." said
Rohit Mehta, President, First Asset.
"We are honoured that RIT, one of our actively managed ETFs, has
been recognized with this award for the third year running".
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.
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.
|
Fund
Name
|
CIFSC
Category
|
Fund
Count
|
FundGrade
Start Date
|
FundGrade
Calc date
|
|
First Asset Canadian
REIT ETF (RIT)
|
Real Estate
Equity
|
76
|
1/31/2009
|
12/31/2018
|
|
First Asset Canadian
Convertible Bond ETF (CXF)
|
Canadian Corporate
Fixed Income
|
56
|
1/31/2012
|
12/31/2018
|
|
First Asset Energy
Giants Covered Call ETF (NXF)
|
Energy
Equity
|
43
|
1/31/2016
|
12/31/2018
|
|
First Asset
Morningstar National Bank Québec Index ETF (QXM)
|
Canadian
Equity
|
402
|
1/31/2013
|
12/31/2018
|
|
First Asset REIT
Income Fund
|
Real Estate
Equity
|
76
|
1/31/2011
|
12/31/2018
|
Performance as of December 31,
2018:
First Asset Canadian REIT ETF (RIT), 1 year, 3.97%; 3 years,
11.08%; 5 years, 10.71%; 10 years, 14.66%; since inception, 10.40%
(Nov. 2004)1;
First Asset Canadian Convertible Bond ETF (CXF), 1 year, -2.81%; 3
years, 5.00%; 5 years, 4.50%; since inception, 3.79% (June 2011);
First Asset Energy Giants Covered Call ETF (NXF), 1 year, -9.41%; 3
years, 5.54%; since inception, -2.24% (Feb.
2015);
First Asset Morningstar National Bank Québec Index ETF (QXM), 1
year -9.30%; 3 years, 5.43%; 5 years, 7.80%; since inception,
10.94% (Feb. 2012);
First Asset REIT Income Fund (Class A), 1 year, 2.59%; 3 years,
9.18%; 5 years, 9.41%; since inception, 11.59% (June 2010).
The indicated rates of return are the historical annual
compounded total returns, including changes in unit value and do
not take into account sales, redemption or optional charges or
income taxes payable by a security holder that would have reduced
returns.
|
1.
|
RIT was originally
launched as a TSX-listed closed-end fund on November 15, 2004, and
converted into an exchange traded fund on July 14, 2015.
Performance shown is since inception of the closed-end fund. In
connection with the conversion, and pursuant to unitholder
approval, the annual management fee payable by the Fund to First
Asset, as manager, was reduced to 0.75% (from 1.05%) of the NAV per
unit and certain changes were made to the investment objectives,
strategies and restrictions applicable to the Fund. Material among
these changes is the ability for the Fund to invest up to 30% of
its portfolio in securities of real estate issuers listed on
non-Canadian stock exchanges and the Fund will no longer be
permitted to use leverage. Had these changes been in effect prior
to this date the performance of the Fund could have been
different.
|
This communication is intended for informational purposes
only and does not constitute an offer to sell or the solicitation
of an offer to purchase a First Asset ETF of mutual fund and is
not, and should not be construed as, investment, tax, legal or
accounting advice, and should not be relied upon in that regard.
Individuals should seek the advice of professionals, as
appropriate, regarding any particular investment. These investments
may not be suitable for all investors. Some conditions apply.
Please read the prospectus before investing. Important information
about the ETF or mutual fund is contained in its respective
prospectus. Copies of the prospectus may be obtained from your
Investment Advisor, First Asset, www.firstasset.com or at
www.sedar.com. ETFs and mutual funds are not guaranteed;
their values change frequently and past performance may not be
repeated. Commissions, trailing commissions, management fees and
expenses all may be associated with an investment in mutual funds
and ETFs. You will usually pay brokerage fees to your dealer
if you purchase or sell units of an ETF on 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.
The First Asset ETFs are managed by First Asset, a subsidiary of
CI Financial Corp. which is listed on the Toronto Stock Exchange
under the symbol "CIX". TMFirst Asset and its logo are
trademarks of a subsidiary of CI Financial Corp. ®CI
FINANCIAL is a registered trademark of CI Investments Inc., used
under license.
SOURCE First Asset