September 7, 2018

Winners Announced for Morningstar Fund Manager of the Year Awards 2018

LONDON, 7th September 2018—Morningstar UK Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced the winners of this year’s Outstanding Fund Manager and Rising Talent Awards. The annual Morningstar Fund Manager of the Year Awards, now in its 11th year, recognise and celebrate the best of the UK fund management industry who are selected on a qualitative basis by Morningstar’s Manager Research analysts.

The Awards took place at the London Film Museum on 6th September, recognising individual fund managers and fund groups that have made a substantial contribution to the UK retail investment management industry.

The 2018 winners are:

  • Outstanding Fund Manager
    James Anderson, Scottish Mortgage Investment Trust PLC
  • Rising Talent
    Nick Williamson, Old Mutual UK Smaller Companies Focus
  • Outstanding Investment House
    T. Rowe Price

“These awards bring our extensive qualitative Manager Research to the forefront and celebrate active managers who have rewarded investors and been excellent stewards of fund shareholders’ capital,” said Jonathan Miller, Director of UK Manager Research for Morningstar.

“This year, James Anderson, manager of the Scottish Mortgage Investment Trust, has won the prestigious Outstanding Fund Manager Award. This identifies a generationally great investor who has rewarded investors over the long term. Anderson has been at Baillie Gifford for 35 years and in 2003 co-founded the Long-Term Global Growth strategy and team which he heads. He has stuck to the investment process that focuses on identifying the high growth companies and disruptors that can radically change an industry. Low turnover and very high active share show the true extent of active management, which has benefitted long-term investors with strong outperformance.

“In recognition of an up-and-coming name, Old Mutual’s Nick Williamson received our Rising Talent Award. He runs the Old Mutual UK Smaller Companies Focus fund, and although he has only been a portfolio manager since 2016, he has extensive experience as an equity analyst. Williamson has introduced micro-cap ideas, backed his best stock picks with sufficient sizing, and demonstrated clear abilities in the UK small-cap space.

“T. Rowe Price was recognised for the Outstanding Investment House Award. This is a firm that we’ve long admired for its strong research-focused culture, a fund range that doesn’t get tinkered with, and clear visibility on succession planning. We also believe there’s a long-term philosophy that benefits investors. For a number of years UK investors have been able to access T. Rowe Price funds through their Luxembourg range that are registered here, but they have now brought strategies into a UK domiciled set-up. This displays their commitment to the UK market.”

The awards draw on Morningstar’s qualitative Manager Research, which uses a globally consistent five-pillar methodology to ascertain a Morningstar Analyst Rating™ for funds under coverage. The five pillars in the Morningstar Analyst Rating methodology are Process, People, Parent, Performance, and Price.

Notes to Editors
Morningstar assigns a Morningstar Analyst Rating to funds using a five-tiered rating scale of Gold, Silver, Bronze, Neutral, and Negative. Morningstar Medalists—those funds that have received a Gold, Silver, or Bronze rating—are funds that Morningstar analysts determine are likely to outperform their peer groups and/or relevant benchmarks on a risk-adjusted basis over a market cycle of at least five years. Morningstar does not charge asset managers to research and rate their funds. For more information about Morningstar’s Manager Research and ratings, please visit https://go.morningstar.com/five_pillars_research.

For the Morningstar Fund Manager of the Year Awards methodology, please click here.

About Morningstar UK Limited and Morningstar, Inc.
Morningstar, Inc. is 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 US$203 billion in assets under advisement and management as of June 30, 2018. The company has operations in 27 countries.

Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar analysts’ current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar’s expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be 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; it should not be considered an offer or solicitation to buy or sell the mutual funds noted within.

©2018 Morningstar, Inc. All Rights Reserved.

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