November 19, 2019

Refinitiv 2019 Canada Lipper Fund Awards Winners

by Refinitiv.

14 NOVEMBER 2019 – Refinitiv today announces the winners of the 2019 Canada Lipper Fund Awards from Refinitiv.  These highly-respected awards recognize funds and fund management firms that have excelled in providing consistently strong risk-adjusted performances relative to their industry peers – the merit of the winners is based on objective, quantitative criteria.

The legacy, reputation and quantitative underpinning of what these awards encapsulate, reflect a truly independent and uncompromised assessment of fund performance. This year’s six fund families receiving Asset Class Group Awards for their superior firm-wide performance are below:

Winner Group Award
Phillips, Hager & North Bond
Mawer Investment Management Equity
Mawer Investment Management Mixed Assets
Phillips, Hager & North Overall
Horizons Exchange Traded Funds Bond (ETF)
TD Asset Management Equity (ETF)


View the editorial coverage of winners in this special supplement from the Globe & Mail, exclusive media partner of the Refinitiv 2019 Canada Lipper Fund Awards.

Lipper data covers more than 330,000 share classes in 86 countries. The Lipper Leader ratings are available for mutual funds registered for sale in 47 markets with over 500 fund classifications.

2019 Canada Lipper Fund Awards Quotes

“In a year of both economic and geo-political gyrations, we at Refinitiv congratulate the 2019 Lipper Fund Award winners for delivering outstanding performance to their investors, as they navigate this dynamic market environment,” said Robert Jenkins, Head of Research, Lipper at Refinitiv.  “We are proud that our measurement of such an achievement enables us to grant these awards with authoritative recognition and emphasis on consistency to single funds and fund management groups.”

The influential and prestigious Lipper Fund Awards from Refinitiv are based on our Lipper Leaders Rating for Consistent Return (Please click here for the full list of winners and view photographs from the event here). 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 Lipper’s proven proprietary methodology, which can be viewed

“Our Lipper Fund Awards from Refinitiv further embed Refinitiv’s reputation as a premier solutions provider in the industry with such an impressive list of recipients,” said Lisa Rowsell, Market Head of Canada.  “We are extremely proud to bring this community together and celebrate the best in the fund industry as one of the cornerstones of our commitment to Lipper and Canada’s financial markets. This forum is an invaluable way for us to engage with financial professionals while reinforcing our important role in the industry.”

See what top-ranked institutions are saying about the Canada Lipper Fund Awards from Refinitiv:

“Having our funds recognized for the seventh consecutive time is no small feat. On behalf of the Manulife Investment Management leadership team, I’d like to congratulate Dan Janis, Terry Carr, Alan Wicks, and their respective teams on their wins last night. Helping make decisions easier and lives better for our customers is what we strive to do and these teams go above and beyond in their approach to managing these funds, all for the benefit of the Canadians who rely on them.”

– Bernard Letendre, Head of Wealth and Asset Management, Manulife Canada

 “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 Canada

 “Our award for best sector equity fund speaks to First Trust’s commitment to deliver long-term performance excellence and is a validation that our systematic and proprietary rules-based approach works across different sectors and geographies”

– Karl Cheong, CFA, Head of Distribution, First Trust Canada

“Congratulations to all the Lipper Fund Award winners. Congratulations also to all the Fidelity portfolio managers and investment portfolios on their achievements in delivering consistently strong risk-adjusted performance.  Your dedication, commitment and always acting in the best interest of unitholders should be commended.  As well, thank you to Canadian advisors and investors for their trust and support.”

– Kelly Creelman, SVP Product, Fidelity Investments Canada

“We are greatly honored to win this prestigious Lipper Fund award, whose 10-year period of evaluation is a testament to our long-term approach to managing funds.”

– Louis Lizotte, CFA, FRM, Vice President, Investments, FERIQUE Fund Management Canada

“We’re very proud of this award, which recognizes the value of our investment solutions for investors and reaffirms our leadership in the Canadian market. It’s also validation of our commitment to offering high-performing funds actively managed by world-renowned portfolio managers.”

– Sébastien Vallée, Director of Investment Solutions Development and Management, Desjardins, Canada

“We are very grateful to receive this honour from Lipper. Our focus has been, and remains, on finding attractive credit yields in situations with disproportionately low risk to capital. The award reflects our success in faithfully executing on this mission.”

– Geoff Castle, Portfolio Manager, Pender Corporate Bond Fund, PenderFund Capital Management Canada

“We are honoured to receive this award and are extremely grateful for the support of our investors and advisors. Thank you for the confidence you have placed in us to manage your hard-earned money. To our team at Caldwell, it is a pleasure and a privilege to work with such a competent and committed group of professionals. Thank you for your hard work and dedication”

– Brendan T.N. Caldwell, President & CEO of Caldwell Investment Management Canada

“We are pleased to be recognized by Lipper for the strong long-term results that our International Equity strategy has delivered to Canadian investors over the past three years. Capital Group is committed to producing above-average returns over the long term, and this Lipper Fund Award reflects the strong performance of our mutual fund and multi-asset strategies.”

– Rick Headrick, President of Capital Group Canada

“We’re proud to continue to be a leader in the Canadian mutual fund and ETF industries. The Lipper Fund Awards is recognition of the hard work and success of our teams across multiple sectors. Striving for excellence is at the heart of what we do as a company and we’re confident we will continue to make waves in the industry.”

– Kevin Gopaul, Global Head of ETFs, BMO Global Asset Management Canada

“We’re thrilled to be recognized by Lipper for our iShares Gold Bullion ETF CGL, particularly in a year where we saw a sharp drop in real (inflation-adjusted) bond yields, slowing economic growth, global central bank easing and heightened geopolitical risk have combined to push gold prices to a six-year high. As low yields reduce the opportunity cost of owning gold, CGL had delivered strong 3-year performance to investors, at a time when greater uncertainty boosts its appeal.”

– Pat Chiefalo, Managing Director and Head of iShares, BlackRock Canada

“It is always an honour to receive the Lipper Awards and we are grateful for the recognition. These awards reflect the dedication and achievement of our investment teams. I would like to congratulate RBC GAM’s teams for their unwavering focus on delivering investment solutions that will help our clients meet their goals. I also want to thank Canadian advisors and investors for their continued support and confidence.” 

– Dan Chornous, Chief Investment Officer of RBC Global Asset Management Canada

“On behalf of the entire CI Financial organization, I’d like to offer a well-deserved congratulations to our portfolio management teams on earning this impressive recognition. In this everchanging industry, these accolades are a testament to the quality of our core mutual fund business and demonstrates CI’s ability to offer best in class products to Canadians through a variety of approaches suitable to their unique needs.”

– Kurt MacAlpine, Chief Executive

About Refinitiv 

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. For more information, please visit:

About the Lipper Fund Awards from Refinitiv

For more than 30 years and in over 20 countries worldwide, the highly respected Lipper Fund Awards from Refinitiv have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focuses the investment world on top-funds.  The merit of the winners is based on entirely quantitative criteria.  This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value.  Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management.  Find out more at:

Notes to Editors

The Lipper Fund Awards from Refinitiv do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. As a result, investors should not make an investment decision based on this information. Lipper Fund Awards designations are for informational purposes only. Lipper is not responsible for the accuracy, reliability or completeness of the information obtained from Lipper. In addition, Lipper will not be liable for any loss or damage resulting from information obtained from Lipper or any of its affiliates. Past performance is not necessarily a guide to future performance and investors should remember that past performance is not a guarantee of future results.

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