You can’t make up things like this if you tried. Jonathan Chevreau recently wrote about the second annual Lipper awards that gives new meaning to celebrating mediocrity. In addition to four overall awards, thirty (30) Lipper Awards were given to mutual funds in each of the 1 year, 3 year and 5 year categories and a modest twenty (20) were given out in the 10 year category. Awards are given for every possible combination of categories – for example, there is Canadian Neutral Balanced, Canadian Equity Balanced, Canadian Fixed Income Balanced, Tactical Balanced, Global Equity Balanced, … well, you get the idea.

Now, for the really funny part in The Wealthy Boomer post: “if you’re such a sad-sack fund company that you couldn’t muster up a single win in the 113 categories, there may yet be hope for you. You can order a large Lipper trophy for just $155, a medium one for $119 or a small one for just $95″. Yep, “the instantly recognisable symbol of fund performance and success” can be ordered on this website.

No wonder, Tom Bradley of Steadyhand mutual funds is ecstatic about winning a coveted award for Best Mutual Fund Performance for the Week of July 23rd.