(Oakville, ON) – Pro-Financial Asset Management (Pro) is proud to announce that its PRO FTSE RAFI Hong Kong China Index Class A fund was recognized at the 2011 Lipper Fund Awards. The fund received Lipper ’s one-year award in the Greater Equity China category.
“We are proud that Lipper has acknowledged our China fund’s outstanding, risk-adjusted performance over the past year,” said Pro founder and CEO Stuart McKinnon. “Our 2010 results in China show the strength of fundamental indexing, especially in turbulent markets. Asia presents an exciting opportunity and our approach is designed to mitigate the volatility by systematically rebalancing to underweight overpriced stocks and place greater emphasis on undervalued companies.”
Launched in 2007, The PRO FTSE RAFI Hong Kong China Index Fund is designed to replicate the FTSE RAFI™ Hong Kong China Index (net of expenses), which ranks and weights companies not by market capitalization, but instead by the four fundamental financial data points (cash flow, dividends, book value and sales). The fundamentally weighted portfolio is rebalanced and reconstituted annually.
The PRO FTSE RAFI Hong Kong China Index Class A fund returned 19.11% for the one-year period ended December 31, 2010. This compares favourably to both the MSCI Hong Kong Index, which returned 17.57%, and the Hang Seng Index, which declined by 0.43% over the same period.
“The long-term benefits of our approach are evident in the data for the three years ended Dec 31, 2010,” McKinnon added. “Our fund provided an excess three year annualized return of 5.14% above that of the Hang Seng Index.”
About the Lipper Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact markets.awards@thomsonreurters.com or visit www.excellence.thomsonreuters.com
About Pro-Financial Asset Management
Pro-Financial Asset Management Inc. was founded in 2002 in response to the rapidly changing needs of Canadian investors and the industry professionals who service them. The firm has become a leader in delivering the award winning FTSE RAFI methodology to Canadian Investors through its Pro-Index Funds and Pro-Guaranteed Funds divisions. This line-up of segregated and index funds ensures that the benefits of fundamental indexing are available to investors through the entire Canadian distribution channel. Pro-Financial Asset Management is fully committed to becoming Canada's leading investment solutions partner and is one of the fastest growing fund families in Canada.
