Independent investment research company Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN) has named the finalists of its 2021 South Africa Fund Awards.
Morningstar selects the finalists using a quantitative methodology with a qualitative overlay that considers the one-, three-, and five-year performance history of all eligible funds, and adjusts returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility. For the full Morningstar Awards methodology, please click here.
The winners for the 2021 Morningstar South Africa Fund Awards will be announced in the coming weeks.
The finalists for the 2021 Morningstar South Africa Fund Awards are:
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FUND CATEGORY AWARDS: |
FINALISTS: |
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Best Aggressive Allocation Fund |
Prescient Living Planet |
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Sygnia Skeleton Balanced |
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Best Bond Fund |
ABSA Bond |
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Nedgroup Investments Core Bond |
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Best Cautious Allocation Fund |
ABSA Inflation Beater |
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Select BCI Cautious |
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Best Flexible Allocation Fund |
Coronation Optimum Growth |
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Long Beach Flexible Prescient |
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Best Global Equity Fund |
Sanlam Anchor Global Equity |
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Schroder ISF Global Equity |
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Best Moderate Allocation Fund |
Discovery Moderate Dynamic Asset |
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Sasfin BCI Balanced |
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Best South Africa Equity Fund |
Coronation Equity |
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Rezco Equity |
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FUND HOUSE AWARDS: |
FINALISTS: |
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Best Fund House: Larger Fund Range |
Coronation |
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Satrix |
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Sygnia |
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Best Fund House: Smaller Fund Range |
Fairtree |
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Kagiso |
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Truffle |
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For Morningstar Fund Awards enquiries, kindly contact Morningstar via awards.za@morningstar.com.
Notes to Editors:
The Morningstar fund category and fund house awards are based on Morningstar fund data as at 31 December 2020. The awards methodology emphasises the one-year period, but funds must also have delivered strong three- and five-year returns after adjusting for risk within the award peer groups in order to obtain an award. In selecting winners, fund returns are adjusted for risk using Morningstar Risk, a measure which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.
References to and commentary on the above-mentioned funds should not be considered a solicitation to buy or sell that fund. Past performance is no guarantee of future results.
About Morningstar Research (Pty) Limited and Morningstar, Inc.
Morningstar Research (Pty) Limited is a subsidiary of 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, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately USD$215 billion in assets under advisement and management as of 30 September 2020. The company has operations in 29 countries. For more information, visit https://www.morningstar.com/en-za/company. Follow Morningstar on Twitter @MorningstarInc or LinkedIn.
