Best unit trusts in SA


PF IOL Raging Bull top three

Greg da Silva

Jeanette Marais, director of retail distribution and client services at Allan Gray; Pieter Koekemoer, head of personal investments at Coronation; and John Karis, regional sales manager at Nedgroup Investments.

Coronation was honoured as the best manager of South African unit trust funds in 2012 at the annual Raging Bull Awards ceremony in Johannesburg last night.

Allan Gray, which until last year had won the award for top management company for four years in a row, received the certificate for second-best management company of 2012.

Nedgroup Investments, which was the runner-up last year, collected the certificate for third-best management company of 2012.

A Raging Bull is also awarded to the best offshore-domiciled management company that is permitted to market its funds to South African investors, because the funds are registered with the Financial Services Board. This year, the award went to Lloyds.

The Raging Bull Awards honour fund managers and management companies that provided superior returns for unit trust investors during the preceding year.

Personal Finance, PlexCrown Fund Ratings and ProfileData are the joint sponsors of awards, which turned 17 this year.

Don’t miss Personal Finance newspaper this Saturday for profiles of the winning companies and funds.

Here is the complete list of winners of Raging Bull Awards and certificates:

WINNERS OF RAGING BULL AWARDS

TOP MANAGEMENT COMPANIES OF 2012

The unit trust management companies with the most impressive and most consistent overall performance across their families of funds taking into account all factors (performance, risk-management and consistency).

Methodology: The award is based on the highest average PlexCrown rating for the suite of funds managed by each management company. Passive funds and funds in non-ranked sectors (for example, the varied specialist sub-categories) are not taken into consideration.

DOMESTIC MANAGEMENT COMPANY OF THE YEAR. The South African-domiciled management company with the best overall performance across sectors consisting of a suite of five or more rand-denominated funds with at least three years’ history. CORONATION

Certificate for Second-best Company: ALLAN GRAY

Certificate for Third-best Company: NEDGROUP INVESTMENTS

OFFSHORE MANAGEMENT COMPANY OF THE YEAR. The overseas-domiciled management company with the best overall performance across sectors consisting of a suite of five or more non-rand-denominated funds with at least three years’ history. LLOYDS

TOP OUTRIGHT PERFORMERS

The top performers to December 31, 2012 on a straight performance basis in asset and sector-specific Association for Savings & Investment SA (Asisa) unit trust categories (including the main asset allocation sectors).

Methodology: Funds are ranked on a three-year lump sum NAV-to-NAV basis (in other words, entry costs not taken into account) with income distributions reinvested at the ex-dividend date. Calculations by ProfileData

Best Broad-based Domestic Equity Fund. The fund with the highest ProfileData total investment return ranking over three years in the Asisa domestic equity general, value and growth sub-categories. SASFIN VALUE FUND

Best Domestic Fixed-interest Fund. The fund with the highest ProfileData total investment return ranking over three years in the Asisa domestic fixed-interest bond and income sub-categories. STANLIB BOND FUND (A Class)

Best Foreign (South African-domiciled) Equity Fund. The fund with the highest ProfileData total investment return ranking over three years in the Asisa foreign equity general sub-category. OLD MUTUAL GLOBAL EQUITY FUND (A Class)

Best Offshore Global Equity Fund. The fund with the highest ProfileData total investment return ranking over three years in ProfileData’s offshore global equity general sub-category. FRANKLIN GLOBAL SMALL-MID CAP GROWTH FUND

TOP PERFORMERS ON A RISK-ADJUSTED BASIS

The top performers to December 31, 2012 on a risk-adjusted basis in the asset allocation and real estate sectors plus the largest other Asisa sectors based on market capitalisation. The PlexCrown system, which incorporates risk-adjusted returns and consistency of performance, is used to rank funds for these awards.

Methodology: The PlexCrown system combines risk-adjusted returns based on performance statistics from ProfileData with standard risk measures, consistency measures, and measures of downside risk and managerial skill. Performance over five-year and three-year periods is taken into account.

Best Domestic Asset Allocation Flexible Fund. The fund with the highest PlexCrown rating over five years in the Asisa domestic asset allocation flexible sub-category. REZCO VALUE TREND FUND

Best Domestic Asset Allocation Prudential Fund. The fund with the highest PlexCrown rating over five years in the Asisa domestic asset allocation prudential high equity, medium equity, low equity and variable equity sub-categories. CORONATION BALANCED DEFENSIVE FUND (A Class)

Best Domestic General Equity Fund. The fund with the highest PlexCrown rating over five years in the Asisa domestic equity general sub-category. MARRIOTT DIVIDEND GROWTH FUND (R Class)

Best Offshore Global Asset Allocation Fund. The fund with the highest PlexCrown rating in ProfileData’s offshore global asset allocation flexible and prudential sub-categories. INVESTEC GSF GLOBAL STRATEGIC MANAGED FUND (A Class) (Accumulating)

WINNERS OF CERTIFICATES

TOP OUTRIGHT PERFORMANCE OVER THREE YEARS

The top performers to December 31, 2012 on a straight performance basis in asset and sector-specific Asisa categories (including the main asset allocation sectors).

Methodology: Funds are ranked on a three-year lump sum NAV-to-NAV basis (in other words, entry costs not taken into account) with income distributions reinvested at the ex-dividend date. Calculations by ProfileData

SOUTH AFRICAN FUNDS

Best Domestic Equity General Fund: FOORD EQUITY FUND (R Class)

Best Domestic Equity Industrial Fund: CORONATION INDUSTRIAL FUND

Best Domestic Equity Financial Fund: NEDGROUP INVESTMENTS FINANCIALS FUND (A Class)

Best Domestic Equity Resources & Basic Industries Fund: NEDGROUP INVESTMENTS MINING & RESOURCE FUND (A Class)

Best Domestic Equity Smaller Companies Fund: NEDGROUP INVESTMENTS ENTREPRENEUR FUND (A Class)

Best Domestic Equity Value Fund: SASFIN VALUE FUND.

Best Domestic Asset Allocation Flexible Fund: 36ONE MET FLEXIBLE OPPORTUNITY FUND

Best Domestic Asset Allocation Prudential Fund (includes the prudential high equity, medium equity, low equity and variable equity sub-categories): FOORD BALANCED FUND (R Class)

Best Domestic Fixed-interest Bond Fund: STANLIB BOND FUND (A Class)

Best Domestic Fixed-interest Income Fund: OLD MUTUAL INCOME FUND (R Class)

Best Domestic Real Estate Fund: CORONATION PROPERTY EQUITY FUND (A Class)

OFFSHORE FUNDS

Best Offshore Europe Equity General Fund: FRANKLIN EUROPEAN GROWTH FUND

Best Offshore Far East Equity General Fund: INVESTEC GSF ASIAN EQUITY FUND

Best Offshore USA Equity General Fund: LLOYDS TSB OFFSHORE NORTH AMERICAN FUND

Best Offshore Global Fixed-interest Bond Fund: STANLIB GLOBAL BOND FUND

TOP PERFORMERS ON A RISK-ADJUSTED BASIS OVER FIVE YEARS

The top performers to December 31, 2012 on a risk-adjusted basis in the asset allocation and real estate sectors plus the largest other Asisa sectors based on market capitalisation. The PlexCrown system, which incorporates risk-adjusted returns and consistency of performance, is used to rank funds for these awards.

Methodology: The PlexCrown system combines risk-adjusted returns based on performance statistics from ProfileData with standard risk measures, consistency measures, and measures of downside risk and managerial skill. Performance over five-year and three-year periods is taken into account.

SOUTH AFRICAN FUNDS

Best Worldwide Asset Allocation Flexible Fund: EFFICIENT WORLDWIDE FLEXIBLE FUND

Best Foreign Asset Allocation Flexible Fund: RE:CM GLOBAL FEEDER FUND (A Class)

Best Domestic Asset Allocation Prudential Low Equity Fund: CORONATION BALANCED DEFENSIVE FUND (A Class)

Best Domestic Asset Allocation Prudential Medium Equity Fund: SOUTHERN CHARTER MET BALANCED FUND OF FUNDS

Best Domestic Asset Allocation Prudential High Equity Fund: SOUTHERN CHARTER MET GROWTH FUND OF FUNDS

Best Domestic Asset Allocation Prudential Variable Equity Fund: FOORD BALANCED FUND (R Class)

Best Domestic Fixed-interest Bond Fund: OASIS BOND FUND

Best Foreign Equity General Fund: CORONATION WORLD EQUITY [ZAR] FUND OF FUNDS (A Class)

Best Real Estate Fund: STANLIB MULTI-MANAGER FLEXIBLE PROPERTY FUND (A Class)

OFFSHORE FUNDS

Best Offshore Global Fixed-interest Bond Fund: STANLIB GLOBAL BOND FUND

Best Offshore Global Equity General Fund: RE:CM GLOBAL FUND


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