This year’s winners of the Refinitiv Lipper Fund Awards have been announced for Canada. Based entirely on quantitative criteria, the industry’s premier awards programme recognizes the country’s best performing funds through a rigorous and independent assessment process.
- For over 30 years and in 17 countries worldwide, the Refinitiv Lipper Fund Awards have honoured funds and fund management companies that have outperformed their peers on a risk-adjusted basis.
- The awards recognize mutual funds and fund families from across the following asset classes: equity, bond, mixed-assets, and alternatives, with additional awards presented to pension funds and exchange-traded funds in specific fund award universes.
- 2020 was a year like no other. Read what winners say about their achievement and the value these awards create for their firms, clients and the industry.
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Explore key industry insights and predicted trends from the 2021 fund industry leaders
In a year where market volatility reached record levels, and where business and operational models were completely upended, recipients of the 2021 Refinitiv Lipper Fund Awards for Canada deserve a special mention for their resilience to a myriad of market risks, and commendation for their vision, innovation and mastery of today’s rapidly evolving financial markets. Congratulations to each winner.
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for consistent return (effective return) value in each eligible classification wins the Refinitiv Lipper Fund Award.
Winners of the 2021 Refinitiv Lipper Fund Awards for Canada
We congratulate this year’s six fund families receiving Asset Class Group awards and the individual fund winners for their superior firm-wide performance.
Individual classifications of three-, five-, and ten-year periods, as well as fund families with high average scores for the three-year period are also recognized. The awards are based on Refinitiv Lipper’s proprietary methodology.
Watch: Lipper Fund Awards
With a 48-year track record of providing independent content, Refinitiv Lipper data encompasses over 345,000 share classes across over 80 countries. Refinitiv Lipper Leader ratings are available for mutual funds registered for sale in 47 markets with over 500 global and 174 U.S. fund classifications.
A message from Refinitiv Lipper
Robert Jenkins, Head of Research, Lipper, Refinitiv said: “This year’s Refinitiv Lipper Fund Awards recognized the steadfast resolve of award-winning managers and firms who successfully navigated one of the sharpest market downturns and recoveries on record enabling investors to maintain a level of economic confidence amidst a backdrop of uncertainty.
“In a year that endured the impacts of an unprecedented global humanitarian crisis, in which markets reflected investors’ emotions of shock and optimism, there was a degree of solace in having one’s financial fortunes overseen by the stewardship of professional money managers.
“The winners of the Refinitiv Lipper Fund Awards for Canada 2021 deserve recognition for their exceptional work in mitigating substantial risks while delivering superior returns.”
Tiffany Welch, Head of Canada, Refinitiv, said: “As one of the most historically volatile years the market has experienced due to the global pandemic, we are proud to celebrate talented and experienced fund managers and firms that have effectively navigated these unprecedented times, while managing risks and generating outperforming returns.
“The 2021 Canada Refinitiv Lipper Fund Awards further embed Refinitiv’s reputation as a premier solutions provider in the fund industry with such an impressive list of recipients.
“We are extremely proud to bring this community together to recognize the best in the fund industry as one of the cornerstones of our commitment to Refinitiv Lipper and Canada’s financial markets.
“Congratulations and we wish you continued success.”
Exclusive media partner coverage, The Globe and Mail
View the coverage, interviews and industry insights from The Globe and Mail, exclusive media partner for the 2021 Refinitiv Lipper Fund Awards for Canada.
Messages from winners of the Lipper Fund Awards for Canada
This year’s award winners share what their award means for their firm and clients.
ATB Investment Management Inc.
“ATB Investment Management Inc. is deeply honoured to be recognized with Refinitiv Lipper Awards. The awards are a testament to the disciplined process and philosophy that have guided ATBIM for nearly two decades.
“I am proud of our entire investment management team for their unwavering commitment to creating best-in-class portfolios. Our team has constructed portfolios, with our carefully selected sub-advisor partners, built to withstand inevitable market shocks and deliver long-term value for our investors.”
Brett Kimak, President, ATB Investment Management Inc.
Desjardin Investments Inc.
‘’Once again, this year, we have the chance to express gratitude and say thank you to all our members and clients that have chosen Desjardins Investments for their investment needs.
“We graciously accept these awards and we’re very proud with the success of both the Desjardins Overseas Equity Growth Fund – sub-advised by Baillie Gifford – which focused on long-term growth investing in some of the world’s most exciting companies, and the Desjardins SocieTerra Cleantech Fund, which is sub-advised by Impax Asset Management, a pioneer in investing in the transition to a more sustainable global economy. ‘’
Frederick Tremblay, Head of Product, Investment Funds at Desjardins Investments (DI)
Evolve ETFs
“The pandemic put many disruptive technologies into the limelight. It would have been a much more difficult experience without things like genomics advancements leading to our vaccine, video conferencing, and streaming media.
Most importantly, we have had a permanent shift towards these technologies that are going to continue to grow and shape our world in the coming years.
“We are very honoured to receive our first Lipper award. We’d like to thank our supporters and investors, and our team for their contributions.”
Raj Lala, President and CEO, Evolve ETFs
Fiera Capital
“We are honoured to have been recognized by Refinitiv Lipper for our performance in Canadian Fixed Income. This award goes to our exceptional investment management team: Kon-Yu Lau, Vice President and Senior Portfolio Manager, Fixed Income; Imran Chaudhry, Vice President and Senior Portfolio Manager, Fixed Income; and Albert Wong, Senior Fixed Income Analyst. On behalf of the Fiera Capital team, thank you for your commitment to excellence, and congratulations.”
Anik Lanthier, President and Chief Investment Officer, Public Markets
Franklin Templeton Fixed Income – Franklin Bissett Investment Management
“Many thanks to Refinitiv Lipper for this recognition of our work.
“Portfolio management is a team effort, and we are fortunate to have a strong, cohesive team of fixed income professionals at Franklin Bissett, as well as the support of the global Franklin Templeton fixed income group. This achievement belongs to all of them.”
Darcy Briggs, Senior Vice President & Portfolio Manager and Adrienne Young, Vice President & Director – Corporate Credit Research, Franklin Templeton Fixed Income, Franklin Bissett Investment Management
Mackenzie Investments
“It’s always a tremendous honour to be recognized by one of the premiere global performance benchmarking organisations in our industry.
“Mackenzie’s wins this year can be credited to the ongoing efforts of our outstanding investment management team, who are committed to providing Canadian investors with innovative solutions that deliver performance.”
Barry McInerney, President and Chief Executive Officer of Mackenzie Investments
Manulife
“We are thrilled to see two funds recognized this year – the Manulife U.S. Monthly High Income Fund and the Manulife Canadian Balanced Fund.
“On behalf of the Manulife Investment Management Canadian leadership team, I’d like to congratulate Conrad Dabiet, Lead Portfolio Manager, and the Manulife Essential Equity Team, along with Greg Peterson, Portfolio Manager with our subadvisor, Mawer Investment Management, for this prestigious recognition.
“Helping make decisions easier and lives better for our advisors and investors is what motivates our teams to go above and beyond in their approach to managing our funds.”
Leo Zerilli, Head of Wealth and Asset Management, Manulife Investment Management, Canada
Middlefield Capital Corporation
“Middlefield is very pleased to be recognized for its performance, especially given the unique challenges faced by the real estate sector in 2021.
“We are focused on selecting the highest quality companies who are best positioned to benefit from long-term, durable trends in the real estate industry.”
Dean Orrico, President and Chief Investment Officer, Middlefield Capital Corporation
PenderFund Capital Management
“We are truly delighted that the Pender Small Cap Opportunities Fund has been independently recognized by Refinitiv Lipper Awards.
“With everything that markets have thrown at us, and in particular the dynamics of the small cap universe, I am immensely proud of the investment team behind the numbers.
“They have stuck to our investment process, uncovering outstanding but overlooked investments in our aim to not only protect but to also grow the wealth of our clients, who we thank for their continued support.
“We are also immensely grateful to the talented CEOs and management teams at the helms of these small cap companies, who have the courage and drive to build such wonderful businesses.”
David Barr, CEO & Portfolio Manager, PenderFund Capital Management Ltd
Ridgewood Capital Asset Management
“Ridgewood Capital Asset Management is proud to announce that our Canadian Bond Fund has won a 2021 Lipper Fund Award for Canadian Fixed Income, which pays tribute to outstanding fund performance.
“We congratulate our portfolio management team.
“This recognition is a testament to the strength of our investment team and fixed-income strategies. We are grateful to Refinitiv for this industry acknowledgment.”
John H. Simpson CFA, Managing Director, Ridgewood Capital Asset Management
Scotia Global Asset Management
“At Scotia Global Asset Management, we are honoured to be recognized at the Refinitiv Lipper Fund Awards.
“Congratulations to our investment teams for delivering outstanding results to our clients across our ScotiaFunds and Dynamic Funds brands.”
Neal Kerr, Head, Scotia Global Asset Management (Canada)
Tempered Investment Management Ltd.
“Thank you to the Refinitiv Lipper Fund Awards for recognizing the Tempered Global Value Fund with the Best Global Equity 5 Year Performance. We are truly honoured.
“Since the fund’s inception five years ago, we have been uncovering investment opportunities under volatile market conditions based on our disciplined value investing strategy.
“Our clients have entrusted their assets to us with a long-term investment horizon and have had the courage to take advantage of such opportunities when they arise.
“This award would not have been possible without our shared investment vision. That is our greatest competitive advantage.
“We look forward to continuing our journey.”
Hhu Ng, Founder & Chief Investment Officer, Tempered Investment Management Ltd.
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Disclaimer:
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.
