CALGARY, Alberta, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Canoe Financial, one of Canada’s fastest growing independent mutual fund companies, is pleased to have won multiple awards for best in class performance at the Lipper Fund Awards Gala, held in Toronto last night.
The accolades are given as group awards or individual mutual fund awards for those that have outperformed peers based on risk-adjusted, consistent return.
“It’s an honour to have been chosen as the 2017 Overall Group Winner for our entire investment line-up. Winning this prestigious award speaks to the dedication and hard work of our entire team. These awards not only support our approach to active management, but most importantly reaffirms that we are providing our clients with an exceptional investment experience,” said Darcy Hulston, President & CEO of Canoe Financial.
Canoe Financial was also recognized with three additional awards in these categories:
| Fund Name | Award |
| Canoe Global Income Class Canoe Global Income Fund Canoe Canadian Corporate Bond Fund Canoe Bond Advantage Class Canoe Bond Advantage Fund Canoe Floating Rate Income Fund Canoe Strategic High Yield Fund Canoe Strategic High Yield Class | Best Bond Group Overall |
| Canoe Energy Class (Series A) | Energy Equity 3 Year Performance Energy Equity 5 Year Performance |
About Canoe
Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial is one of Canada’s fastest-growing independent mutual fund companies and currently manages approximately $4.5 billion in assets across a diversified range of award-winning mutual funds and private energy equity products. Canoe Financial expanded from its Calgary head office to across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg, Ottawa and Montreal. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.
About The Lipper Fund Awards
The Lipper Fund Awards, granted annually, are part of the Thomson Reuters Awards for Excellence awarded by Lipper, Inc. 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.lipperfundawards.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. The Lipper Award for Best Overall Fund Group was based on risk-adjusted performance for all Canoe Financial Funds. The Lipper Award for Best Bond Group Overall was based on risk-adjusted performance for the following Canoe Financial Funds: Canoe Global Income Class, Canoe Global Income Fund, Canoe Canadian Corporate Bond Fund, Canoe Bond Advantage Class, Canoe Bond Advantage Fund, Canoe Floating Rate Income Fund, Canoe Strategic High Yield Fund, and Canoe Strategic High Yield Class.
Canoe Energy Class (Series A) was awarded the 2017 Lipper Fund Award in the Energy Equity Category for both the three and five-year periods ending July 31, 2017 out of a total of 14 Funds. The corresponding Lipper Leader ratings for the same period are as follows: N/A (1 year), 5 (3 Year), 5 (5 Year), N/A (10 year). Performance for Canoe Energy Class (Series A) for the period ending July 31, 2017 is as follows: 2.03% (1 year), -9.09% (3 year), 8.29% (5 year), 3.35 % (since inception, February 19, 2011).
From Thomson Reuters Lipper Awards, ©2017 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.
Further Information
Investor Relations
Canoe Financial LP
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www.canoefinancial.com
info@canoefinancial.com
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