Click here for a record of all the Raging Bull winners since 1998

Introduction

The Raging Bull Awards recognise the stars of the unit trust industry in terms of top outright performers, best risk-adjusted performers and best unit trust management companies. The awards cover domestic (South African-domiciled) and offshore (non-South African-domiciled approved by the Financial Services Board) funds.

Awards for asset-specific sectors are based mainly on straight performance calculated by ProfileData. For asset allocation sectors, where risk-management is a major factor, awards are based mainly on the PlexCrown system.

Awards based on PlexCrowns have also been made in major unit trust categories, such as the domestic general equity sector.

Eligibility rules:

1. Funds must be available directly to retail investors to be eligible for awards and certificates.M
2. In the case of straight performance awards for domestic funds (including South African-domiciled foreign funds), sectors that have at least five actively managed funds with a history of three years or more are included.
3. In the case of straight performance awards for offshore funds, sectors that have at least 12 actively managed funds with a history of three years or more are included.
4. Risk-adjusted awards are presented in major asset allocation sectors, domestic and offshore, and the larger Association of Savings & Investment South Africa (Asisa) sectors. Domestic and foreign (South African-domiciled) sectors that have at least five actively managed funds with history of five years or more are included.
5. Passive, or index-tracker, funds are not included in the awards because their performance reflects market movements rather than fund manager expertise.
6. There are no awards for money market funds because of the limitations placed on them in terms of duration and the types of instruments allowable.
7. There are no awards for varied specialist funds because their mandates and investment objectives are not necessarily comparable.
8. Funds that have changed categories during the past year (even if they have been allowed by Asisa to retain their performance history) are not eligible for awards.
9. To be eligible for an award or a certificate, an offshore fund must have been registered with the Financial Services Board for at least a year. Funds that do not qualify for awards are also excluded from the calculation of the offshore management company of the year award.
10. All Aviva and Invesco funds have been excluded from these awards, because both companies will be de-registering their funds from the South African market early in 2010.

AWARD WINNERS

TOP MANAGEMENT COMPANIES

The unit trust management companies with the most impressive and most consistent overall performance across their suites 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, varied specialist sectors) are not taken into account.

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.
ALLAN GRAY

Certificate for Second-best Domestic Management Company
PRUDENTIAL

Certificate for Third-best Domestic Management 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.
STANLIB MULTI-MANAGER

TOP OUTRIGHT PERFORMERS

The top performers to December 2009 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 are 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 domestic equity general, value and growth sectors.
ABSA SELECT EQUITY FUND

Best Domestic Fixed Interest Fund
The fund with the highest ProfileData total investment return ranking over three years in the domestic fixed interest bond and income sectors.
STANLIB CASH PLUS FUND

Best Foreign (SA-domiciled) Equity Fund
Best Foreign (South African-domiciled) Equity Fund
The fund with the highest ProfileData total investment return ranking over three years in the foreign equity general sector.
ALLAN GRAY-ORBIS GLOBAL EQUITY FEEDER FUND

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 sector.
RE·CM GLOBAL FUND

TOP RISK-ADJUSTED PERFORMERS

Top performers to December 2009 on a risk-adjusted basis in the asset allocation and real estate sectors, plus the largest other Asisa sectors based on market cap. 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- 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 domestic asset allocation flexible sector.
REZCO VALUE TREND FUND

Best Domestic Asset Allocation Prudential Fund
The fund with the highest PlexCrown rating over five years in the domestic asset allocation prudential high equity, medium equity, low equity and variable equity sectors.
ALLAN GRAY BALANCED FUND

Best Domestic General Equity Fund
The fund with the highest PlexCrown rating over five years in the domestic equity general sector.
ABSA SELECT EQUITY FUND

Best Offshore Global Asset Allocation Fund
The fund with the highest PlexCrown rating in ProfileData’s offshore global asset allocation flexible and prudential sectors.
ASHBURTON REPLICA EURO ASSET ALLOCATION MANAGEMENT FUND

CERTIFICATE WINNERS

TOP OUTRIGHT PERFORMERS OVER THREE YEARS

Best Domestic Equity General Fund
ABSA SELECT EQUITY FUND

Best Domestic Equity Growth Fund
RMB STRATEGIC OPPORTUNITIES FUND (A)

Best Domestic Equity Industrial Fund
STANLIB INDUSTRIAL FUND (A)

Best Domestic Equity Financial Fund
STANLIB FINANCIALS FUND

Best Domestic Equity Resources & Basic Industries Fund
OLD MUTUAL MINING AND RESOURCES FUND (R)

Best Domestic Equity Smaller Companies Fund
RMB SMALL MID-CAP FUND

Best Domestic Equity Value Fund
NEDGROUP INVESTMENT VALUE FUND (A)

Best Domestic Asset Allocation Flexible Fund
BLUEALPHA ALL SEASONS FUND

Best Domestic Asset Allocation Prudential Fund
(Includes the prudential high equity, medium equity, low equity and variable equity sectors)
DOTPORT STABLE PRUDENTIAL FUND OF FUNDS

Best Domestic Fixed Interest Bond Fund
OASIS BOND FUND

Best Domestic Fixed Interest Income Fund
STANLIB CASH PLUS FUND

Best Domestic Real Estate Fund
STANLIB PROPERTY INCOME FUND

FOREIGN FUNDS

Best Foreign Fixed Interest Bond Fund
CORIS CAPITAL INTERNATIONAL BOND FEEDER FUND

Best Offshore Europe Equity General Fund
FRANKLIN EUROPEAN GROWTH FUND

Best Offshore Far East Equity General Fund
ORBIS SICAV ASIA EX-JAPAN EQUITY FUND

Best Offshore Japan Equity General Fund
ORBIS SICAV JAPAN EQUITY FUND (YEN CLASS)

Best Offshore USA Equity General Fund
FRANKLIN US OPPORTUNITIES FUND

Best Offshore Global Fixed Interest Bond Fund
INVESTEC GSF GLOBAL BOND FUND

TOP RISK-ADJUSTED PERFORMERS

Domestic FUNDS

Best Worldwide Asset Allocation Flexible Fund
FLAGSHIP WORLDWIDE FLEXIBLE FUND OF FUNDS

Best Foreign Asset Allocation Flexible Fund
ALLAN GRAY-ORBIS GLOBAL FUND OF FUNDS

Best Domestic Asset Allocation Prudential Medium Equity Fund
ABSA BALANCED FUND (A)

Best Domestic Asset Allocation Prudential Low Equity Fund
ALLAN GRAY STABLE FUND

Best Domestic Asset Allocation Prudential Variable Equity Fund
ALLAN GRAY BALANCED FUND

Best Domestic Fixed Interest Bond Fund
NEDGROUP INVESTMENTS BOND FUND (A)

Best Foreign Equity General Fund
RMB INTERNATIONAL EQUITY FUND OF FUNDS

Best Real Estate Fund
(The fund with the highest PlexCrown rating over five years in the domestic real estate general sector)
STANLIB PROPERTY INCOME FUND

FOREIGN FUNDS

Best Offshore Global Fixed Interest Bond Fund
INVESTEC GSF GLOBAL BOND FUND

Best Offshore Global Equity Fund
ORBIS GLOBAL EQUITY FUND