CIBC Asset Management Recognized at 2020 Fundgrade A+ Awards
On Friday, January 22, 2021, CIBC Asset Management was named the winner of nine 2020 FundGrade A+ Awards. These awards recognize funds that excel in providing consistently strong, risk-adjusted relative performance.
Our award-winning funds
|Fund||Category||2020 FUNDGRADE Calculation date|
|December 31st, 2020|
|Renaissance Global Science & Technology Fund||Global Equity||December 31st, 2020|
|Renaissance International Equity Fund||International Equity||December 31st, 2020|
|Axiom Foreign Growth Portfolio||Global Equity|
|December 31st, 2020|
|CIBC Balanced Index|
|Canadian Fixed Income Balanced||December 31st, 2020|
|CIBC Nasdaq Index Fund||U.S. Equity||December 31st, 2020|
|CIBC Global Technology Fund||Global Equity||December 31st, 2020|
|CIBC International Equity Fund||International Equity||December 31st, 2020|
|CIBC Conservative Passive Portfolio||Canadian Fixed Income Balanced||December 31st, 2020|
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The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment funds data to the Canadian financial services industry and business media. The Fund-Grade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the rating system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.
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.