Morningstar Announces Winners for 2023 Morningstar Fund Awards - Korea
SEOUL, 28 March 2023 -- Morningstar,
Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced the winners
for the 2023 Morningstar Fund Awards - Korea. The awards recognise those funds and asset managers that have served
investors well over the long term and which Morningstar’s Manager Research team believes will be able to
deliver strong risk-adjusted returns over time.
The annual Morningstar Fund Awards recognise those funds and asset managers that added the most value for investors
within key sectors and across asset classes. Morningstar selects the winners using a quantitative methodology, and
eligible funds require a five-year performance track record. Weightings to one-, three-, and five-year performance
are factored into the methodology, along with a qualitative overlay.
“The Morningstar Fund Awards commends funds and asset managers that served investors well by delivering top
notch risk-adjusted performance for investors in 2022 and over longer time periods. Morningstar’s manager
research team have used Morningstar’s extensive datasets and quantitative methodology to determine the winners
across equity and fixed-income categories within South Korea for investors,” said Wing Chan, head of
manager research, Europe and Asia Pacific, Morningstar Inc.
The 2023 Morningstar Fund Awards - South Korea winners are:
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Morningstar Category Awards
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Winner
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Best Korea Large-Cap Equity Fund
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KBSTAR High Dividend ETF
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Best Korea Small/Mid-Cap Equity Fund
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Shinhan Small and Mid Stock Alpha Security Feeder Investment Trust [Equity] A1
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Best Korea Cautious Allocation
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Korea Value 10-Year Investment Fund (Bond Balanced) 1A
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Best Korea Bond Fund
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Heungkuk Multi-play Bond Fund 4 – Feeder A-e
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Best Global Equity Fund
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MiraeAsset Global Solution Investment Trust (Equity – FoF) Class A-e
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Morningstar Fund House Awards
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Winner
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Best Korea Equity Fund House
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Midas International Asset Management, Ltd.
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Best Korea Fixed-Income Fund House
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Woori Asset Management
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Best International Equity Fund House
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Fidelity Asset Management Korea Limited
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Methodology
The Morningstar fund category and fund house awards are based on Morningstar fund data as of 31 December 2022. 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 the Morningstar Risk, a measure which imposes a higher penalty for downside
variation in a fund’s return than it does for upside volatility.
The full methodology for the awards is available here.
About Morningstar
Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and
Asia. The Company offers an extensive line of products and services for individual investors, financial advisors,
asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and
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, debt securities, and
real-time global market data. Morningstar also offers investment management services through its investment advisory
subsidiaries, with approximately $246 billion in assets under advisement and management as of Dec. 31, 2022. The
Company operates through wholly- or majority-owned subsidiaries in 32 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter
@MorningstarInc.
©2023 Morningstar, Inc. All Rights Reserved.
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Media Contact:
Selina Lai, +852 2973 4655 or asiamarcom@morningstar.com