2020 Morningstar Fund Awards Hong Kong Winners Announced

March 24, 2020

HONG KONG, 24 March 2020—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 2020 Morningstar Fund Awards Hong Kong.   

 

The annual Morningstar Hong Kong 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 Nick Cheung, Chief Executive Officer for Morningstar in Asia. “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 Wing Chan, Morningstar’s Director of Manager Research Practice, EMEA & Asia. “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 Hong Kong are:

 

FUND CATEGORY AWARDS:

WINNERS:

Best Asia-Pacific Equity Fund

JPMorgan Pacific Securities Acc USD

Best Global Equity Fund

Fidelity Global Focus A-DIST-USD

Best Greater China Equity Fund

UBS (Lux) Equity China Opportunity (USD) (HKD) P-acc

Best Hong Kong Equity Fund

First State Hong Kong Growth Fund – Class I USD Acc

Best Asia Bond Fund

Legg Mason Western Asset Asian Opportunities Fund

(Class A USD Acc)

FUND HOUSE AWARDS:

WINNERS:

Best Equity Fund House

Neuberger Berman

Best Fixed Income Fund House

Capital Group

MANDATORY PROVIDENT FUND (MPF) SCHEME AWARDS:

 

WINNERS:

Best MPF Scheme

Fidelity Retirement Master Trust

The finalists for the Best MPF Scheme award are BEA (MPF) Value Scheme and BOCI-Prudential Trustee Limited  - My Choice Mandatory Provident Fund.

 

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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 awards 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.

 

The winning funds hold either a Morningstar Analyst Rating™ or Morningstar Quantitative 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.

 

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 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.

 

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 licensed 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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©2020 Morningstar, Inc. All Rights Reserved.

Media Contact: Stephanie Ho, +852 2973 4655 or stephanie.ho@morningstar.com
Imogene Wong, +852 2973 4646 or imogene.wong@morningstar.com


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