February 7, 2019

Morningstar Announces Finalists for 2019 South Africa Fund Awards

CAPE TOWN, 7 February 2019—Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the finalists for its 2019 South Africa Fund Awards.

The annual awards recognise funds and fund houses that added the most value for investors within the context of their relevant peer group in 2018 and over longer time periods. Morningstar selects the finalists 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.

"We remain confident there are opportunities for patient investors in the South African market, despite slow domestic growth and trade risks affecting global emerging markets,” said Tal Nieburg, Managing Director for Morningstar South Africa. “This year’s finalist funds and fund houses deserve recognition for delivering strong risk adjusted returns for investors over the past year and over the longer-term, despite short-term market volatility.”

The finalists for the 2019 Morningstar South Africa Fund Awards are:

Fund Category Awards


Best Aggressive Allocation Fund Aylett Balanced Prescient
Obsidian SCI Balanced
Best Bond Fund ABSA Bond
Allan Gray Bond
Best Cautious Allocation Fund ABSA Inflation Beater
NFB Ci Stable
Best Flexible Allocation Fund Platinum BCI Worldwide Flexible
PSG Flexible
Best Global Equity Fund Investec GSF Global Franchise
Melville Douglas SFL Global Equity
Best Moderate Allocation Fund             Discovery Moderate Balanced
NFB Ci Managed
Best South Africa Equity Fund             Aylett Equity Prescient
ClucasGray Equity Prescient

Fund House Awards

Best Fund House: Larger Fund Range Investec Fund Managers
Nedgroup Collective Investments
PSG Collective Investments
Best Fund House: Smaller Fund Range Fairtree Asset Management
NFB Asset Management
Platinum Portfolios

Morningstar will announce the winners on 27 Feb 2019 at a gala dinner and ceremony at Kelvin Grove, Newlands in Cape Town. For event information, please contact Awards.ZA@morningstar.com or visit https://go.morningstar.com/Morningstar-Awards

Note To Editors

The Morningstar fund category and fund house awards are based on Morningstar fund data for the period 1 January 2018 to 31 December 2018. 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 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 Morningstar South Africa Fund Awards methodology, please click here.

About Morningstar Research (Pty) Limited and Morningstar, Inc.  

Morningstar Research (Pty) 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$207 billion in assets under advisement and management as of Sept. 30, 2018. The company has operations in 27 countries. For more information, visit https://www.morningstar.com/en-uk/company. Follow Morningstar on Twitter @MorningstarInc.

Media Contact:
Mary Kenefake, +44 (0) 203 1941027 or mary.kenefake@morningstar.com

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