Morningstar Announces Winners for 2023 Morningstar Fund Awards - China
SHENZHEN, 31 March 2023 -- Morningstar, Inc.(NASDAQ: MORN), a leading provider of independent investment research, today announced the winners for the 2023 Morningstar Fund Awards - China.
The awards recognise those funds 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 Morningstar (China) Annual Fund Awards selects the open-end funds established with the approval of the China Securities Regulatory Commission which have a performance history of more than three years by the end of 2022, and the number of funds in the same category is not less than 10. The selection criteria for fund awards include both quantitative screening and qualitative evaluation.
“The Morningstar Fund Awards commends funds 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, fixed income, and multi-asset categories within China for investors,” said Rachel Wang, director of manager research, China, Morningstar.
The 2023 Morningstar Fund Awards winners - China winners are:
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Morningstar Category Awards
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CSDCC Code
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Winner
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Best Equity Fund
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000893
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ICBCCS Innovation Power Equity Fund
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Best Allocation Fund
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005233
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GF Wisdom & Perseverance Fund
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Best Aggressive Bond Fund
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000107
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Fullgoal Steady Enhanced Bond Fund
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Best Normal Bond Fund
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217022
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China Merchants Industrial Bond Fund
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Best Pure Bond Fund
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000402
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ICBCCS Pure Bond Fund
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Note: Share class A or A/B of a fund is shown. The results are not guarantees of future performance and should not be considered an offer or solicitation to buy or sell the securities.
Methodology
The Morningstar Fund Awards are based on Morningstar fund data as of 31 December 2022. Apart from the risk adjusted return in the most recent year, the fund award methodology also emphasises the strong risk-adjusted returns over the last two and three years. Both the standard deviation and downside volatility are considered in the annual quantitative assessment. The qualitative assessment covers the stability of fund managers and the management team, the consistency of the portfolio and investment strategies, as well as the level of compliance.
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.
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Media Contact:
Selina Lai, +852 2973 4655 or asiamarcom@morningstar.com
Jessica Liang, +86 755 3311 0901 or jessica.liang@morningstar.com