Canoe Financial Celebrates Major Achievements with FundGrade A+ Awards

Canoe Financial Achieves Recognition in Investment Performance

Canoe Financial LP (“Canoe Financial”) has marked a significant milestone by being honored with three prestigious 2024 FundGrade A+ Awards, a testament to its outstanding performance in the investment landscape.

Celebrated Funds by Canoe Financial

The award-winning funds from Canoe Financial include:

Canoe Equity Portfolio Class

This fund operates within the Canadian Focused Equity category and stands out among 70 funds, showcasing a remarkable 20.20% return over the past year. Its performance highlights Canoe Financial's strategic approach to investing, aiming to deliver consistent returns to its investors.

Canoe Asset Allocation Portfolio Class

This portfolio excels in the Tactical Balanced category, ranking among 56 funds. With a return of 14.65% over one year, it embodies Canoe’s commitment to adeptly managing diverse investments for optimal growth. This fund’s history emphasizes solid management principles that appeal to Canadian investors.

Canoe North American Monthly Income Portfolio Class

This fund operates in the Global Neutral Balanced category and competes against 224 funds, achieving a 13.40% return over the last year. This highlights Canoe Financial's proficiency in generating income for its investors while maintaining a balanced risk strategy.

Understanding the FundGrade A+ Awards

The FundGrade A+ rating serves to acknowledge funds that exhibit the best risk-adjusted returns consistently throughout the year. This annual award recognizes only those funds maintaining high ratings over the calendar year. The rigorous assessment is based on established metrics like Sharpe Ratio, Sortino Ratio, and Information Ratio, culminating in an impressive acknowledgment of excellence.

Commitment to Financial Growth

“These awards affirm the strength of our investment philosophy and the unwavering dedication of our team. At Canoe Financial, we are resolutely committed to helping Canadians cultivate enduring wealth through active, disciplined management,” stated Darcy Hulston, President and CEO of Canoe Financial. This mission underscores Canoe Financial's focus on sustained, long-term performance for its clients.

About Canoe Financial

Canoe Financial has rapidly become one of Canada's most dynamic independent mutual fund companies, managing an impressive portfolio valued at $20 billion across a diverse array of investment solutions. Founded in 2008, this employee-owned firm prioritizes building financial wealth for Canadians, boasting a strong presence through offices in key cities across Canada.

Key Insights into FundGrade A+ Monitoring

FundGrade A+, used with permission from Fundata Canada Inc., recognizes the leading funds based on performance. The calculations are made annually, ensuring only consistently high performers are acknowledged. Each fund must maintain an active FundGrade rating throughout the previous year to qualify. FundGrade ratings are determined monthly and culminate in a cumulative GPA-style score for the year, with those scoring 3.5 or higher earning the coveted FundGrade A+ Award.

Contact Information

For more details, investors can reach out to: Canoe Financial LP, 1–877–434–2796. For inquiries, please contact info@canoefinancial.com.

Frequently Asked Questions

What are the FundGrade A+ Awards?

The FundGrade A+ Awards recognize the top-performing investment funds in Canada for their risk-adjusted returns over the previous year.

How many awards did Canoe Financial win?

Canoe Financial won three prestigious FundGrade A+ Awards for their outstanding funds.

What categories did Canoe Financial’s funds excel in?

Canoe Financial’s funds excelled in categories such as Canadian Focused Equity, Tactical Balanced, and Global Neutral Balanced.

What is Canoe Financial's approach to investment?

Canoe Financial focuses on disciplined, active management to help Canadians build lasting wealth and achieve consistent long-term performance.

Who is the CEO of Canoe Financial?

Darcy Hulston is the President and Chief Executive Officer of Canoe Financial, advocating for strong investment philosophies.

About The Author

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