Mawer Investment Management Ltd. once again basked in the spotlight at the Morningstar Awards.
Among Mawer's many 2014 honours bestowed tonight was Analysts' Choice Fund Company of the Year, which it won for the second year in a row. The independent Calgary firm, a perennial awards contender, also picked up several mutual-fund awards, along with awards for pooled funds for institutional investors.
In the mutual-fund categories, Mawer received awards for its Canadian equity, global balanced, international equity, Canadian small/mid-cap equity and global small/mid-cap equity mandates. "Across the board in various asset categories, Mawer managers employ the same strategies and disciplined process," said Christopher Davis, Morningstar's director of manager research. "It's no surprise that success in one investment mandate goes hand in hand with success in others."
Among the eight pooled-fund awards, Mawer received five. They were for the Canadian equity, global equity, Canadian small/mid-cap equity, global balanced and international equity categories. "Many of Mawer's mutual funds have similar pooled-fund counterparts," said Davis. "They've been able to be successful in both the retail and institutional segments."
In yet another accolade for Mawer, Morningstar's Domestic Equity Fund Manager award went to the team of Martin Ferguson, director and portfolio manager, and Jeff Mo, portfolio manager.
This year's Morningstar Fixed-Income Fund Manager of the Year is the PH&N fixed-income team, with William John and Stephen Burke as the lead portfolio managers. Morningstar's Foreign Equity Fund Manager of the Year award went to Tye Bousada and Geoff MacDonald, portfolio managers at EdgePoint Wealth Management Inc.
"We've very grateful to Morningstar," said Bousada, "and to the 85,000 families that have trusted in us." Then MacDonald stepped up to the podium and added, "The EdgePoint team is the best in the business. We're having a blast making money for our investors."
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| Peter Mansbridge hosting the 2014 Morningstar Awards | |
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The three Manager of the Year awards for individual portfolio managers and manager teams, and the Analysts' Choice Fund Company of the Year, were selected by Morningstar Canada's manager research team. Along with strong recent results, the winners were judged to have achieved consistently strong performance over the long term, and to have employed a disciplined, repeatable investment process.
The awards for individual funds were chosen by a jury consisting of fund analysts, including members of Morningstar's research team. The selection process includes quantitative screening, nominations from each jury member, and group discussions. (See table for list of winners.)
The Advisors' Choice Fund Company of the Year, as selected on the basis of a survey conducted by Investment Executive and Morningstar, went to Fidelity Investments Canada for the fourth year in a row.
The winner of the IFIC Investor Education Award, sponsored by the Investment Funds Institute of Canada, is Sun Life Financial for money UP!. Employing an online-game approach, money UP! is designed to improve the financial literacy of Canadians who have a workplace retirement and savings plan through their employer with Sun Life.
"Sun Life's money UP! entry stood out for its originality and creativity," said Rudy Luukko, Morningstar editor and jury chair, "and we found it to be the most engaging of the various submissions we considered."
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| Brigette Chang-Addorisio accepting the Morningstar Career Achievement Award on behalf of her late father | |
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This year's recipient of the Career Achievement Award is the late G. Raymond Chang, a former director and chairman and CEO of CI Financial Corp. He is the first recipient to have received this award posthumously.
One of the most emotional moments of the evening was the acceptance speech by Chang's daughter. "It's a great honour, but it's bittersweet," said Brigette Chang-Addorisio. "We wish he could be here to receive the award. One of my father's favourite quotes was, 'Education is the great equalizer.' He always said, 'you can achieve great things if you are willing to learn and work hard…and give back to others, especially to your community.'"
During his three decades at CI, which grew to become one of Canada's largest independent fund-management companies, Chang fostered a culture of entrepreneurship and innovation. "His legacy was one of being the most genuinely helpful persons who ever walked through the doors at CI," William (Bill) Holland, chairman of CI Financial and a long-time colleague, told Morningstar.
Chang also served as Chancellor of Ryerson University from 2006 to 2012. The naming of the G. Raymond Chang School of Continuing Education at Ryerson University is a fitting tribute to his philanthropy. Chang was a generous supporter of numerous other community and charitable initiatives in Canada and his native Jamaica.
The Best ETF Initiative Award went to iShares Core Series of ETFs, created by BlackRock Asset Management Canada Ltd. The rebranding initiative that created the series in March was accompanied by reductions in management fees.
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| Jim Cuddy performs at the Morningstar Awards | |
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The Morningstar Awards is Canada's premier annual awards event for the investment industry, honouring companies and individuals that have made a difference in the lives of investors through superior investment products, service, education and marketing.
This year's gala, held at the Fairmont Royal York Hotel in Toronto with more than 500 guests in attendance, marked 20 years of celebrating the Canadian investment industry and its achievements. Back by popular demand as host and master of ceremonies was the CBC's Peter Mansbridge.
The evening's musical entertainment included a special guest performance by Canadian singer and songwriter Jim Cuddy.
For the fifth year in a row, all proceeds from fees received for submission-based Morningstar awards will be donated to MusiCounts, Canada's music-education charity, which is associated with the Canadian Academy of Recording Arts and Science.
For more coverage of the Morningstar Awards click on the following links:
- Analysts' Choice Fund Company of the Year is Mawer
- Mawer wins Domestic Equity Fund Manager
- Vanguard picks up ETF Provider of the Year
- Advisors' Choice Fund Company of the Year is Fidelity
- Our choices for Morningstar's Fund Manager of the Year awards
- Morningstar Awards: Career Achievement Winner Raymond Chang
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| Morningstar Awards | |
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| Morningstar Analysts' Choice Investment Fund Company of the Year | |
| Mawer Investment Management Ltd. | |
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| Morningstar Domestic Equity Fund Manager of the Year | |
| Martin Ferguson and Jeff Mo Mawer Investment Management Ltd. |
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| Morningstar Foreign Equity Fund Manager of the Year | |
| Tye Bousada and Geoff MacDonald EdgePoint Wealth Management Inc. |
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| Morningstar Fixed Income Fund Manager of the Year | |
| PH&N Fixed Income Team RBC Global Asset Management Inc. |
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| Morningstar ETF Provider of the Year | |
| Vanguard Investments Canada Inc. | |
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| Mutual Fund Awards | |
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| Best Canadian Balanced Fund | |
| Manulife Monthly High Income Manulife Asset Management Ltd. |
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| Best Canadian Dividend & Income Equity Fund | |
| RBC Canadian Equity Income RBC Global Asset Management Inc. |
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| Best Canadian Equity Fund | |
| Mawer Canadian Equity Mawer Investment Management Ltd. |
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| Best Canadian Fixed Income Fund | |
| PH&N Total Return Bond RBC Global Asset Management Inc. |
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| Best Canadian Small/Mid Cap Equity Fund | |
| Mawer New Canada Mawer Investment Management Ltd. |
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| Best Emerging Markets Equity Fund | |
| Brandes Emerging Markets Equity Bridgehouse Asset Managers |
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| Best Specialty Equity Fund | |
| CI Global Health Sciences CI Investments Inc. |
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| Best Global Balanced Fund | |
| Mawer Balanced Mawer Investment Management Ltd. |
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| Best Global Equity Fund | |
| Capital Group Global Equity Capital International Asset Management |
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| Best Global Fixed Income Fund | |
| PIMCO Monthly Income PIMCO Canada Corp. |
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| Best Global Small/Mid Cap Equity Fund | |
| Mawer Global Small Cap Mawer Investment Management Ltd. |
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| Best International Equity Fund | |
| Mawer International Equity Mawer Investment Management Ltd. |
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| Best U.S. Equity Fund | |
| Trimark U.S. Companies Invesco Canada Ltd. |
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| Best U.S. Small/Mid Cap Equity Fund | |
| Fidelity Small Cap America Fidelity Investments Canada |
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| Best High Yield Fixed Income Fund | |
| Fidelity American High Yield Fidelity Investments Canada |
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| Best Fund of Funds | |
| Fidelity Managed Portfolios Fidelity Investments Canada |
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| ETF Awards | |
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| Best Equity ETF | |
| Horizons Active Global Dividend ETF Horizons ETFs Management (Canada) Inc. |
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| Best Fixed Income ETF | |
| Horizons Active Preferred Share ETF Horizons ETFs Management (Canada) Inc. |
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| Best Specialty ETF | |
| BMO Global Infrastructure ETF BMO Global Asset Management Inc. |
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| Pooled Fund Awards | |
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| Best Canadian Balanced Pooled Fund | |
| Leith Wheeler Diversified Leith Wheeler Investment Counsel |
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| Best Canadian Equity Pooled Fund | |
| Mawer Canadian Equity Mawer Investment Management Ltd. |
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| Best Canadian Income Pooled Fund | |
| PH&N Enhanced Total Return Bond RBC Global Asset Management Inc. |
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| Best Canadian Small/Mid Cap Equity Pooled Fund | |
| Mawer New Canada Mawer Investment Management Ltd. |
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| Best International Equity Pooled Fund | |
| Mawer International Equity Mawer Investment Management Ltd. |
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| Best U.S. Equity Pooled Fund | |
| Beutel Goodman American Equity Beutel, Goodman & Company Ltd. Brandywine Classic Value U.S. Equity Brandywine Global Asset Management* *Note: There was a tie in this category. |
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| Best Global Balanced Pooled Fund | |
| Mawer Balanced Mawer Investment Management Ltd. |
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| Best Global Equity Pooled Fund | |
| Mawer Global Small Cap Mawer Investment Management Ltd. |
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| Hedge Fund Awards | |
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| Best Multi-Strategy or Fund of Hedged Funds | |
| PH&N Absolute Return Strategy RBC Global Asset Management Inc. |
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| Best Opportunistic Hedge Fund | |
| DKAM Capital Ideas Fund LP Donville Kent Asset Management |
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| Best Relative Value Hedge Fund | |
| Curvature Fund LP CHS Asset Management Inc. |
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