SEI's Core Canadian Funds Have Strong Showing at Lipper Awards
TORONTO -- (MARKET WIRE) -- 02/13/12 -- SEI (NASDAQ: SEIC) today announced that two of its funds, the SEI Canadian Equity Fund and the SEI Short Term Bond Fund, received Lipper Fund Awards at last Thursday's award ceremony in Toronto.
The SEI Canadian Equity Fund was recognized for outstanding performance in the Canadian Equity category over the most recent 10-year period. This is the third consecutive year the fund has taken top honours in this category. "This recognition by Lipper continues to validate our dedication to minimizing investment risk when we construct our multi-manager solutions," said Roy Borzellino, Senior Portfolio Manager, SEI's Canadian Equity Team. "Our clients have been rewarded with superior, long-term, risk-adjusted returns during challenging and volatile markets."
The SEI Short Term Bond Fund was also recognized for its performance in three categories -- namely one-, three-, and five-year performance. "Navigating through fixed income markets over the past five years has been incredibly difficult from an investment perspective," said Scott Gives, Senior Portfolio Manager, SEI's Canadian Fixed Income Team. "It's wonderful to be acknowledged for providing value-added performance to our clients. These awards are a testament to the success of SEI's client solutions, and our ability to optimize the sweet spot between overall risks and returns."
The awarded funds are two key building blocks for SEI Portfolios, SEI Asset Allocation Funds and SEI Target Date Funds. The two funds will also be part of SEI's soon-to-be-launched Goals-Based Portfolios -- a unique, new offering that will be available to Canadian retail investors. SEI's goals-based investment philosophy blends modern portfolio theory with behavioural finance. SEI research has shown that a goals-based approach can help mitigate irrational investor behaviours that are natural reactions to volatile economic climates, such as buying high and selling low.
SEI uses a manager-of-managers approach to provide multi-manager, globally diversified strategies with an appropriate home-country bias for Canadian investors. The SEI Target Date Funds and SEI Asset Allocation Funds are available to institutional investors including pension plans and nonprofit organizations. The SEI Asset Allocation Funds and Portfolios are available to retail investors through select dealer relationships.
About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $404 billion in mutual fund and pooled or separately managed assets, including $172 billion in assets under management and $232 billion in client assets under administration. For more information, visit www.seic.com.
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@thomsonreuters.com or visit excellence.thomsonreuters.com.
Company Contact: Dana Grosser SEI +1 610-676-2459 dgrosser@seic.com Media Contact: Veronique Poulin SEI +1 416-847-6360 vpoulin@seic.com
Source: SEI
Released February 13, 2012