March 29, 2021

2021 Morningstar Fund Awards China Winners Announced

SHENZHEN, 30 March 2021 – Morningstar (Shenzhen) Ltd., a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced the winning funds for its 2021 Morningstar Fund Awards China.

The annual Morningstar China Fund Awards recognise retail funds that have added the most value for investors within the context of their relevant peer group in 2020 and over longer time periods.

Only China-domiciled open-ended funds that have at least three-year track record are eligible for an award. The fund categories with less than 10 funds are excluded from the universe. Morningstar selects the winners using a quantitative methodology, along with a qualitative overlay.

Xiaohua Xia, Managing Director for Morningstar in China, said: ”The market volatility resulting from the pandemic in 2020 highlighted the importance of investors staying the course and maintaining perspective. The 2021 Morningstar Fund Awards winners stand out for their ability to serve the best interests of investors and deliver excellent returns over the longer term. We applaud all winners for their outstanding achievements.”

Rachel Wang, Morningstar’s Director of Manager Research China, remarked: “After a year of exceptional market performance, global financial markets are increasingly pricing in a strong economic rebound this year. Combined with an elevated risk appetite, investors are advised to be mindful of stretched asset valuations and risk of a market pullback. This year’s winners demonstrated their abilities to navigate through turbulent times and delivered competitive long-term results for investors.”

The winners of the 2021 Morningstar Fund Awards China are:

FUND CATEGORY AWARDS WINNERS
Best Aggressive Allocation Fund AIFMC Herun Hybrid Fund
Best Hybrid Fund Harvest Growth Fund
Best Aggressive Bond Fund E Fund Great Return Bond Fund
Best Normal Bond Fund MSHF Dual-Benefit Enhanced Bond Fund
Best Pure Bond Fund China Southern Tong Li Bond Fund
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Notes to Editors:

The Morningstar fund category awards are based on Morningstar fund data as of 31 December 2020. The awards methodology emphasises the one-year period, but funds must also have delivered strong three- returns after adjusting for risk within the awards peer groups in order to obtain an award. For the full methodology, please click here.

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 (Shenzhen) Ltd.

Morningstar (Shenzhen) 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 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 US$227 billion in assets under advisement and management as of Dec 31, 2020. The company has operations in 29 countries.

Morningstar expanded to Asia in April 2000 and has grown its businesses into Japan, Korea, India, Mainland China, Hong Kong, Singapore, Thailand, and Taiwan. 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.

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