TORONTO, Jan. 31, 2017 /CNW/ -- Morningstar Research, Inc., a
Canadian subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced
the 2016 Canadian Fund Manager of the Year award winners. The analyst-driven Fund Manager of the Year awards recognize managers
who delivered impressive performance in 2016, have generated excellent long-term risk-adjusted returns, and have been good
stewards of fund shareholders' capital.
To recognize outstanding fund managers, Morningstar analysts selected leaders in equity, fixed income, and stewardship.
"The past year included a revival in Canadian stocks, political upheaval in Europe and
the United States, and expectations for rising inflation and interest rates. All of the nominees
for the 2016 Morningstar Canadian Fund Manager of the Year awards demonstrated skill in navigating this uncertain environment,
while sticking to their long-term fundamentals," Christopher Davis, manager research strategist
for Morningstar Research, said. "These fund managers deserve recognition for their ability to deliver impressive returns in both
2016 and over the long term, while continuing to put shareholders' interests first."
The 2016 Fund Manager of the Year award winners in Canada are:
Equity Fund Manager of the Year: Stephen Arpin and William
Otton, Beutel Goodman Small Cap
Stephen Arpin and William Otton stood out with consistent
performance that has delivered nearly double the return of their peers over the last two years. They built a portfolio resilient
enough to weather 2015's lousy environment for Canadian small caps, but with enough fortitude to outpace in 2016. Their 21
percent return last year wasn't as strong as more commodities-heavy rivals, but it still ranked in the top third of the Canadian
small/mid-cap category. Arpin and Otton were also the only category finalists to have turned in peer-beating performances in both
2015 and 2016.
Fixed-Income Fund Manager of the Year: Hanif Mamdani, PH&N High Yield
Bond
In late 2015, Hanif Mamdani considered Canadian high-yield energy bonds, which had taken a
drubbing from sinking energy prices, to be a very attractive opportunity. Reflecting his contrarian ethos, in early 2016 the fund
briefly took in new money to add a stake in depressed energy and basic materials issuers and closed shortly after reaching its
asset target. Judging by the results in 2016, this was the right call: The fund rose 17 percent for the year, almost twice the
high-yield fixed-income category average.
Steward of the Year: RBC Global Asset Management
As Canada's largest asset manager, RBC Global Asset Management has long been the industry
cost leader, and in 2016 RBC sliced expenses broadly across 85 funds. Amid increased competition and scrutiny around fees, this
award recognizes RBC for passing along the benefits of growing economies of scale to fundholders. Morningstar research has found
a strong relationship between costs and investment performance, with lower fees improving investors' odds of success. By lowering
fees, RBC's heft raises the bar for its competitors to do the same.
For articles about the Morningstar Canadian Fund Manager of the Year award winners, visit www.morningstar.ca, or follow on Twitter through the hashtag #MstarAwardsCA.
About Morningstar Research, Inc. and Morningstar, Inc.
Morningstar Research, Inc. is a Canadian subsidiary of Chicago-based Morningstar, Inc., a
leading provider of independent investment research in North America, Europe, Australia, and Asia. The company
offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement
plan providers and sponsors. Morningstar provides data on nearly 540,000 investment offerings, including stocks, mutual funds,
and similar vehicles, along with real-time global market data on approximately 18.5 million equities, indexes, futures, options,
commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment
management services through its investment advisory subsidiaries, with more than US$200 billion in
assets under advisement or management as of Sept. 30, 2016. The company has operations in 27
countries.
©2017 Morningstar, Inc. All Rights Reserved.
MORN-R
Media Contact:
Allison Hoff, +1 416 484-7020 or allison.hoff@morningstar.com
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SOURCE Morningstar Research, Inc.
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