Ranking the Fund Managers methodology: Based on solid returns
A stringent process required funds to display a robust performance record and strong industry ethics
The Financial Mail has been a long-term partner of Morningstar and its predecessors Micropal and Standard & Poor’s. We believe that the quantitatively driven Morningstar International Fund Awards programme is a proven way to recognise those funds and fund groups that have added the most value within the context of a relevant peer group. It considers investors over the past year and over the longer term. The programme is distinct from the qualitative awards issued by Morningstar’s research team. The awards are annual, and Morningstar SA MD Tal Nieburg says it is appropriate to emphasise a fund’s one-year performance. “However, we do not believe that it serves investors well to give awards to funds that have posted a strong one-year return, but have otherwise not delivered good results for investors.” The awards methodology therefore emphasises the one-year period, but funds must also have delivered strong three-and five-year returns after adjusting for risk within the awards peer gro...
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