Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the finalists for its 2020 South Africa Fund Awards. The winners will be announced at a gala dinner in Cape Town on 27 February 2020.
The annual awards recognise funds and fund houses that added the most value for investors within the context of their relevant peer group in 2019 and over longer time periods. 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.
Tal Nieburg, Managing Director for Morningstar South Africa, said this approach ensures that fund managers who consistently deliver top returns are rewarded. “This year’s finalist funds and fund houses deserve recognition for delivering strong risk-adjusted returns for investors over the past year and over the longer-term, despite short-term market volatility.”
The finalists for the 2020 Morningstar South Africa Fund Awards are:
| Fund Category Awards | Finalist |
| Best Aggressive Allocation Fund | Kagiso Balanced |
| Sasfin BCI Prudential | |
| Best Bond Fund | ABSA Bond |
| Allan Gray Bond | |
| Best Cautious Allocation Fund | ABSA Inflation Beater |
| Kagiso Stable | |
| Best Flexible Allocation Fund | Coronation Optimum Growth |
| Select BCI Worldwide Flexible | |
| Best Global Equity Fund | Nedgroup Global Equity |
| PSG Wealth Global Creator Fund of Funds | |
| Best Moderate Allocation Fund | Sanlam Managed Moderate Fund of Funds |
| Sasfin BCI Balanced | |
| Best South Africa Equity Fund | Kagiso Equity Alpha |
| Rezco Equity | |
| Fund House Awards | Finalist |
| Best Fund House: Larger Fund Range | Investec Asset Management |
| Marriott Asset Management | |
| Sygnia Asset Managers | |
| Best Fund House: Smaller Fund Range | Fairtree Asset Management |
| Kagiso Asset Management | |
| Platinum Portfolios |
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