SEOUL, 23 March 2020—Morningstar Korea, Ltd., a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced the winning funds and fund houses for its 2020 Morningstar Fund Awards Korea.   

The annual Morningstar Korea Fund Awards recognise retail funds and fund houses that have added the most value for investors within the context of their relevant peer group in 2019 and over longer time periods. Morningstar selects the winners using a quantitative methodology, along with a qualitative overlay. Weightings to one-, three-, and five-year risk-adjusted performance are factored into the methodology.

“Morningstar’s Annual Awards highlight the quality and breadth of investments available for investors in each region,” said Jungtae Chae, Chief Executive Officer for Morningstar in Korea. “Our 2020 winners have been great drivers of investor success. It is our honor to recognize their outstanding achievements and commitments to investors.”

“The 2019 rally in both equities and bonds has rewarded investors handsomely, however it was also one of the more unpredictable periods in history, with low interest rates, heightened geopolitical uncertainty, and stretching asset valuations continuing to worry investors,” said Andy Seunghye Jung, Morningstar’s Director of Manager Research in Korea.  “The Awards winners, across our equity and fixed income categories, have proved their ability to deliver market-beating returns over the long term without undue risk.”

The winners of the 2020 Morningstar Fund Awards Korea are:

- Ends -

Notes to Editors

The Morningstar fund category awards are based on Morningstar fund data as of 31 December 2019. 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 the Morningstar Risk, a measure which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility. For the full methodology, please click here.

About Morningstar, Inc. and Morningstar Korea, Ltd.

Morningstar Korea, Ltd. 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 debt and 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, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with about $233 billion in assets under advisement and management as of Dec. 31, 2019. The company has operations in 27 countries.

Morningstar expanded to Asia in April 2000 and has grown its businesses into Japan, Korea, India, mainland China, Taiwan, Singapore, Thailand, and Hong Kong. The Asia operations not only offer timely information on mutual funds, but also insightful and independent analyses, unbiased fund ratings, and sophisticated analytical tools to help both individual and professional investors make better investment decisions.

# # #

©2020 Morningstar, Inc. All Rights Reserved.