Morningstar names finalists for 2021 SA Fund Awards

Morningstar has announced the finalists in the 2021 South Africa Fund Awards. The awards ceremony is usually held in February or March, but there will be no live event this year due to Covid-19.

As in the past, the awards are limited to just seven fund categories, based on risk-adjusted performance. There are also two awards for top-performing firms.

‘Morningstar selects the finalists using a quantitative methodology with a qualitative overlay that considers the one-, three-, and five-year performance history of all eligible funds, and adjusts returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility,’ the firm said in a release.

Absa Asset Management and Coronation Fund Managers are the only firms to have funds shortlisted in more than one category.

This year’s awards also give a significant nod to passive fund managers, with both Satrix and Sygnia listed as finalists in the category for best fund house with a larger fund range.

The award nominations are shown below.

Fund Category Awards: 

Best Aggressive Allocation Fund

Prescient Living Planet fund

Sygnia Skeleton Balanced 70 fund

 

Best Bond Fund

ABSA Bond fund

Nedgroup Investments Core Bond fund

 

Best Cautious Allocation Fund

ABSA Inflation Beater fund

Select BCI Cautious fund

 

Best Flexible Allocation Fund

Coronation Optimum Growth fund

Long Beach Flexible Prescient fund

 

Best Global Equity Fund

Sanlam Anchor Global Equity fund

Schroder ISF Global Equity fund

 

Best Moderate Allocation Fund

Discovery Moderate Dynamic Asset Optimiser fund of funds

Sasfin BCI Balanced fund

 

Best South Africa Equity Fund

Coronation Equity fund

Rezco Equity fund

 

Fund house awards:

Best Fund House: Larger Fund Range

Coronation Fund Managers

Satrix

Sygnia Asset Management

Best Fund House: Smaller Fund Range

Fairtree

Kagiso Asset Management

Truffle Asset Management

Patrick Cairns is South Africa Editor at Citywire, which provides insight and information for professional investors globally.

This article was first published on Citywire South Africa here, and republished with permission.