March 22, 2021

2021 Morningstar Fund Awards Singapore Winners Announced

SINGAPORE, 23 March 2021 – Morningstar Investment Adviser Singapore Pte. Limited, 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 Singapore.

The annual Morningstar Singapore 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. 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.

Nick Cheung, Chief Executive Officer for Morningstar Asia Limited , 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.”

Wing Chan, Morningstar’s Director of Manager Research Practice, EMEA & Asia , 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 Singapore are:

FUND CATEGORY AWARDS

WINNERS

Best Global Equity Fund

Fidelity Global Focus A-USD

Best Asia-Pacific Equity Fund

Allianz Oriental Income AT SGD

Best Greater China Equity

JPM Greater China A (acc) USD

Best Singapore Equity Fund

Nikko Asset Management Singapore Dividend Equity Fund USD

Best Asia Bond Fund

Schroder ISF Asian Local Currency Bond A Acc USD

FUND HOUSE AWARDS

WINNERS

Best Equity Fund House

UBS Asset Management

Best Fixed-Income Fund House

Capital Group

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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- 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. This press release is intended for general circulation, and does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Investors should consult a financial adviser regarding the suitability of any investment product, taking into account their specific investment objectives, financial situation or particular needs, before making any investment decisions.

About Morningstar, Inc. and Morningstar Investment Adviser Singapore Pte. Limited

Morningstar Investment Adviser Singapore Pte. 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 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.

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 Adviser Singapore Pte. Limited is licensed and regulated by the Monetary Authority of Singapore to provide financial advisory services in Singapore.

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