Nic Andrew, left, and Rob Johnson of Nedgroup Investments, winner of the large fund house award.     Supplied by Morningstar
Nic Andrew, left, and Rob Johnson of Nedgroup Investments, winner of the large fund house award. Supplied by Morningstar
Paul Marais, left, of NFB Asset Management, the winner of the small fund house award, with Tal Nieburg of Morningstar.     Supplied by Morningstar
Paul Marais, left, of NFB Asset Management, the winner of the small fund house award, with Tal Nieburg of Morningstar. Supplied by Morningstar
At a gala dinner at Kelvin Grove in Cape Town this week, Morningstar Research, a subsidiary of international investment services group Morningstar, announced the winners of its 2019 SA Fund Awards.

The annual Morningstar SA Fund Awards “recognise funds and fund houses that added the most value for investors within the context of their relevant peer group in 2018 and over longer time periods”.

Tal Nieburg, the managing director of Morningstar South Africa, said: “The winners of this year’s South Africa Fund Awards demonstrate there are still opportunities for patient investors despite slow domestic growth and trade risks affecting global emerging markets. The winning funds and fund houses relied on skill, experience and solid fund management strategies to deliver strong returns for investors.”

While the Morningstar awards are similar to the annual Raging Bull Awards, hosted by Personal Finance, in that they honour active performance by unit trust fund managers, there are some important differences, as shown in the table below.

The most important of these is that although risk-adjusted returns over longer periods are taken into account, greater emphasis is given to a fund’s returns over a single year.

Nedgroup Investments was awarded the key award of the evening, namely the Best Fund House, Larger Fund Range. This follows last month’s announcement that Nedgroup Investments was the Offshore Management Company of the Year for the fourth year in a row at the Raging Bull Awards.

Nic Andrew, the executive head of Nedgroup Investments, said: “We are very proud of these awards. These rankings measure the risk-adjusted performance of the entire range over the medium term and they are therefore a reasonable proxy for our investors’ experience. It is also particularly pleasing to see the consistency of this performance.”

THE WINNERS 

FUND CATEGORY AWARDS

Best South African Equity Fund: Aylett Equity Prescient

Best Global Equity Fund: Melville Douglas SFL Global Equity

Best Bond Fund: Allan Gray Bond

Best Cautious Allocation Fund: Absa Inflation Beater

Best Moderate Allocation Fund: NFB Ci Managed

Best Aggressive Allocation Fund: Aylett Balanced Prescient

Best Flexible Allocation Fund: Platinum BCI Worldwide Flexible

FUND HOUSE AWARDS

Best Fund House - Larger Fund Range: Nedgroup Investments

Best Fund House - Smaller Fund Range: NFB Asset Management

PERSONAL FINANCE