The result of Fund Awards of the year 2009 (Hong Kong) has been announced on 25 March 2010. There are total of 10 awards to recognize the outstanding funds in 2009, seven to equity funds and three awards to fixed income portfolios.
Following a difficult year of 2008, the subsequent 2009 has witnessed a prosperous year for most of the asset class, whereas the surge in emerging markets equity is particularly prominent.
The fund performance in 2009 is one of the selection criteria but not the only one for Morningstar Fund Award. In addition to one-year performance, we also evaluate each fund’s risk-adjusted returns over a longer period as well as the stability of management team and the consistency of investment strategy. Above all, fund managers should be dedicated to investors.
Our new Morningstar Qualitative Rating also helps in our qualitative checks. Experiences of our on-the-ground analysts and intensive manager meetings allow us to have better assessment to funds’ fundamentals. Our Five Pillar approach (People, Process, Parent, Performance and Price) of the Qualitative Rating also gives us a more organized way to evaluate funds’ qualities.
The Winners of Morningstar Fund Award of the Year 2009 are:-
EQUITY | |
Emerging Markets Equity | Aberdeen Global – Emerging Markets Equity Fund |
Europe Large-Cap Equity | Threadneedle Pan European Fund |
Global Large-Cap Equity | ING (L) Invest Global Opportunities Fund |
Greater China Equity | First State China Growth Fund |
U.S. Large-Cap Equity | CIF US Growth and Income Fund |
Asia Pacific Equity | Schroder ISF – Emerging Asia |
Japan Large-Cap Equity | Fidelity Funds – Japan Advantage Fund |
FIXED INCOME | |
Dollar High Yield Bond | AllianceBernstein – Global High Yield Portfolio |
Dollar Global Bond | Amundi Funds Global Bond |
Asia Bond | HSBC Asian Bond Fund |
Congratulations to the Winners!
For details / methodology, please visit here.
