Allan Gray bests peers to retain top position
The asset manager scores the top spots in investment research firm Morningstar’s SA Rating Analysis of unit trusts’ returns
Allan Gray has outplayed its peers for the second quarter running to top two categories in an independent analysis of retail unit trust funds in SA.The asset manager scored the top spots in investment research firm Morningstar’s SA Rating Analysis of unit trusts’ returns for the quarter ended December 2016.This is the third report of its kind. The reports compare funds’ risk-adjusted returns over three, five and 10 years on a rolling quarterly basis.While Morningstar says the analyses are not an indication of future performance, they are useful for reference purposes.Allan Gray, Prudential Investment Managers and Truffle Asset Management are the only three asset managers (out of 20) that have secured the top-five spots across the two main categories of Morningstar’s rating since June 2016.An asset manager must manage at least R5bn in assets and have at least three retail funds with a three-year track record in order to be included in the ratings.The ratings include an overall-weight...
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