March 6, 2018

Morningstar Announces Winners of 2018 Hong Kong Fund Awards

HONG KONG, 6 March 2018—Morningstar Investment Management Asia Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced the winning funds and fund houses for its 2018 Hong Kong Fund Awards.   

The annual Morningstar Hong Kong Fund Awards are designed to help investors identify the funds and fund houses that added the most value for investors within the context of their relevant peer group in 2017 and over longer time periods. Morningstar selects the winners 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.

This year, we have updated the Morningstar Best Mandatory Provident Fund (MPF) Scheme Award methodology to reflect the growing importance of fees when investors select an MPF scheme. Specifically, we have introduced a 20 percent weighting for fees assessment in our overall evaluation, which considers each scheme’s average cost compared to peers.

“Over the years, we have earned trust from investors for our in-depth, unbiased, and independent analyses that help them make informed investment decisions,” said Nick Cheung, Chief Executive Officer for Morningstar in Asia. “It’s our honor to recognize outstanding achievements in investment management again this year through the Morningstar Awards.”

“All of our winners delivered strong three- and five-year returns after adjusting for risk, in addition to outperformance of their peers during the last 12 months,” said Wing Chan, Morningstar’s Director of Manager Research in Asia. “These funds have demonstrated that they have the ability to earn strong returns over the long term without undue risk. We believe that taking a patient, long-term view to investing will ultimately help investors reach their financial goals.”

The winners of the 2018 Morningstar Hong Kong Fund Awards are:

Best Asia Bond Fund BlackRock Asian Tiger Bond Fund D2 USD
(Morningstar Analyst Rating™ of Bronze)
Best Asia-Pacific Equity Fund Schroder ISF Asian Opportunities A Dis USD
(Morningstar Analyst Rating of Silver)
Best Global Equity Fund Investec GSF Global Strategic Equity Fund - A Acc USD (Morningstar Analyst Rating of Silver)
Best Greater China Equity Fund UBS (Lux) Equity Fund - China Opportunity (USD) P-acc (Morningstar Analyst Rating of Bronze)
Best Hong Kong Equity Fund Schroder ISF Hong Kong Equity A Acc USD
(Morningstar Analyst Rating of Silver)


Best Equity Fund House T. Rowe Price
Best Fixed-Income Fund House Capital Group


Best MPF Scheme Invesco Strategic MPF Scheme

The finalists for the Best MPF Scheme award are Hang Seng Mandatory Provident Fund – ValueChoice and HSBC Mandatory Provident Fund – ValueChoice.

Notes to Editors:

The Morningstar fund category awards are based on Morningstar fund data as of 31 December 2017. 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 awards peer groups in order to obtain an award. For the full methodology, please click here.

Some of the winning funds hold a Morningstar Analyst Rating. Morningstar’s Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar’s Manager Research Group’s current expectations about future events and therefore involve unknown risks and uncertainties that may cause such expectations not to occur or to differ significantly from what was expected. Analyst Ratings are not guarantees nor should they be viewed as an assessment of a fund’s or the fund’s underlying securities’ creditworthiness. This press release is for informational purposes only; references to securities in this press release should not be considered an offer or solicitation to buy or sell the securities.

Media Contact: 

Nelly Poon, +852-2973-4646 or

About Morningstar, Inc. and Morningstar Investment Management Asia Limited

Morningstar Investment Management Asia 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 more than USD$195 billion in assets under advisement and management as of 31 December 2017. 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.

The investment research reports made available are provided by various Morningstar entities that are authorized and registered with the proper regulatory authority or are exempt from such registration. Morningstar Investment Management Asia Limited is authorized and regulated by the Hong Kong Securities and Futures Commission to provide investment research and non-discretionary investment advisory services to professional investors only.

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