March 30, 2021

2021 Morningstar Fund Awards Thailand Winners Announced

BANGKOK, 31 March 2021 – Morningstar Research (Thailand) 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 Thailand.

The annual Morningstar Thailand 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 Thailand are:

FUND CATEGORY AWARDS

WINNERS

Best Thailand Equity Large-Cap Fund

K Strategic Trading Equity Fund

Best Thailand Equity Small/Mid-Cap

TISCO Mid/Small Cap Equity Fund Class A

Best Thailand Mid/Long-Term Bond Fund

K Fixed Income Fund

Best Thailand Short-Term Bond Fund

Principal Core Fixed Income Auto Redemption Class

Best Retirement Mutual Fund – Equity

K Global Healthcare Equity RMF

Best Retirement Mutual Fund – Fixed-Income

Krungsri Long Term Government Bond RMF

FUND HOUSE AWARDS

WINNERS

Best Fund House - Domestic Equity

Kasikorn Asset Management Co., Ltd.

Best Fund House - Domestic Fixed-Income

Principal Asset Management Co., Ltd.

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.

About Morningstar, Inc. and Morningstar Research (Thailand) Ltd.

Morningstar Research (Thailand) 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 $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, 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.


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