Morningstar Announces New Global Methodology for Morningstar Awards for Investing Excellence

February 5, 2024

Morningstar, Inc., a leader provider of independent investment insights, today announced its updated methodology for the Morningstar Awards for Investing Excellence in 24 markets globally.

The awards will take place in March and April 2024 across 24 markets, including Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the UK in Europe; Chile and Mexico in the Americas; and Hong Kong, India, Japan, Malaysia, Singapore, Taiwan, and Thailand in Asia; and South Africa.

The Morningstar Awards for Investing Excellence program is designed to recognise funds and asset managers that have not only delivered strong risk-adjusted returns in the past year but have also served investors well over the longer term and should continue to so going forward. These awards are selected using a combination of past performance and risk and, whenever possible, Morningstar’s forward-looking rating for funds, the Morningstar Medalist Rating™, including its Parent pillar component. The full methodology for the awards and its application for each market is available here.

Under the methodology, there are three types of Morningstar awards: the Morningstar Category Awards, the Morningstar Asset Manager Awards, and the Morningstar Asset Manager – Sustainable Investing Awards.

“The Morningstar Awards for Investing Excellence are designed to recognise the industry’s best fund offerings and investor-centric firms. We emphasise our analysts’ qualitative, forward-looking views during the selection process across individual fund markets. With our new methodology being used across 24 markets globally, we look forward to rolling out these research-driven awards to new markets for the first time in 2024,” said Wing Chan, Morningstar’s head of manager research, Europe and Asia Pacific.

Morningstar has granted annual awards to accomplished portfolio managers since 1988. The Morningstar Awards for Investing Excellence winners are chosen based on research and in-depth qualitative evaluation by Morningstar's manager research group. For more information about and the dates for each market of the Morningstar Awards for Investing Excellence, visit https://go.morningstar.com/Morningstar-Awards.

Methodology
These awards are determined by a combination of risk-adjusted medium- to long-term performance track records and Morningstar’s forward-looking rating for funds, the Morningstar Medalist Rating™ including its Parent pillar component. The Medalist Rating is set on a five-tier scale running from Gold, Silver, Bronze, Neutral and Negative at the share class level. The Morningstar Asset Manager – Sustainable Investing Awards are determined by a combination of Morningstar’s qualitative and quantitative sustainability research capabilities. The full methodology for the awards is available here.

About Morningstar, Inc.
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 $264 billion in assets under advisement and management as of Sept. 30, 2023. The Company operates through wholly- or majority-owned subsidiaries in 32 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on X @MorningstarInc. Morningstar’s Manager Research Group 

Morningstar’s Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Morningstar Manager Research provides independent, fundamental analysis on managed investment strategies. Morningstar views are expressed in the form of Morningstar Medalist Ratings, which are derived through research of three key pillars—People, Process, and Parent. The Morningstar Medalist Rating is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. A global research team issues detailed research reports on strategies that span vehicle, asset class, and geography.
Medalist Ratings are not statements of fact, nor are they credit or risk ratings, and should not be used as the sole basis for investment decisions. A Medalist Rating is not intended to be nor is a guarantee of future performance. This press release is for informational purposes only; references to securities should not be considered an offer or solicitation to buy or sell the securities.

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