Star performers at Raging Bull Awards point to industry’s worth

The 18th annual very prestigious Raging Bull Awards, which recognise excellence in longterm fund management, was recently held at the Old Mutual Conference Centre in Kirstenbosch, Cape Town.

1. Top Outright Performers on a straight performance basis

Funds are ranked on a three-year lump-sum net asset value to net asset value basis. Entry costs are not taken into account, with income distributions reinvested at the ex-dividend date.

Best South African Equity Funds

• Best SA Equity Industrial Fund: SIM Industrial Fund (R class)
• Best SA Equity Financial Fund: Nedgroup Investments Financials Fund (R
Class)
• Best SA Equity Resources Fund: Nedgroup Investments Mining and
Resource Fund (R class)
• Best SA Equity Smaller Companies Fund: Nedgroup Investments Entrepreneur
Fund (R Class)

Raging Bull Award for the Best South African Equity General Fund: Mazi Capital Met Equity Fund (A1 Class)

Best South African Multi-Asset Funds, excluding Multi-Asset Income Funds

• Best SA Multi-Asset Flexible Fund: 36ONE MET Flexible Opportunity
Fund
• Best SA Multi-Asset Low Equity Fund: Prudential Inflation Plus Fund (A
Class)
• Best SA Multi-Asset Medium Equity Fund: 27 Four Balanced Prescient
Fund of Funds (A1 Class)
• Best SA Multi-Asset High Equity Fund: Rezco Prudential Fund (A Class)

Best South African Interest-Bearing and Multi-Asset Income Funds

• Best SA Interest-Bearing Variable-Term Fund: Stanlib Bond Fund (A
Class)
• Best SA Interest-Bearing Short-Term Fund: Investment Solutions Income
Fund (A Class)
• Best SA Multi-Asset Income Fund: Coronation Strategic Income Fund (A
Class)

Raging Bull Award for the Best South African Interest-Bearing Fund: Coronation Strategic Income Fund (A Class)

Best South African Real Estate Fund

• Nedgroup Investments Property Fund (A Class)

Best (SA Domicilled) Global and Worldwide Funds

• Best (SA Domiciled) Global Multi-Asset Flexible Fund: RE-CM Global
Feeder Fund (A Class)
• Best (SA Domiciled) Global Multi-Asset Low Equity Fund: Coronation
Global Capital Plus (ZAR) feeder Fund (A Class)
• Best (SA Domiciled) Global Multi-Asset High Equity Fund: Coronation
Global Managed (ZAR) Feeder Fund (A Class)
• Best (SA Domiciled) Global Real Estate Fund: STANLIB Global Property
Feeder Fund (A Class )
• Best (SA Domiciled) Regional Interest-Bearing Short-Term Fund: ABSA
Pound Sterling Income Fund
• Best (SA Domiciled) Global Interest-Bearing Variable-Term Fund:
Prudential Global High Yield Bond Fund of Funds
• Best (SA Domiciled) Worldwide Multi-Asset Flexible Fund: Coronation
Optimum Growth Fund (A Class)

The Raging Bull for the Best (SA Domiciled) Global Equity General Fund: Old Mutual Global Equity Fund (R Class)

Best (FSB-approved) Offshore Funds

• Best (FSB-approved) Offshore Europe Equity General Fund: Templeton
Euroland Fund
• Best (FSB-approved) Offshore Far East Equity General Fund: Orbis
SICAV Asia Ex-Japan Equity Fund
• Best (FSB-approved) Offshore USA Equity General Fund: Lloyds Investment
Funds Limited North American Fund
• Best (FSB-approved) Offshore Global Real Estate Fund: Oasis Crescent
Global Property Equity Fund (Ireland)
• Best (FSB-approved) Offshore Global Fixed Interest Bond Fund:
STANLIB Multi Manager Global Bond Fund
• Best (FSB-approved) Offshore Global Asset Allocation Fund: Coronation

The Raging Bull for the Best (FSB-approved) Offshore Global Equity Fund: Contrarius Global Equity Fund (Ireland) Global Managed (USD) Fund

2. Top Risk-adjusted Performers

The PlexCrown methodology, which is used for rating Top Risk-adjusted Performers, 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. To qualify for a rating a fund must have a return history of at least five years in a sub category or sector with at least five qualifying funds.

Raging Bull for the Best South African General Equity Fund on a risk-adjusted basis: Marriott Dividend Growth Fund (R Class)

Best South African Multi-Asset Funds, excluding Multi-Asset Income Funds, on a risk-adjusted basis:

• Best SA Multi-Asset Low Equity Fund: 27 Four Stable Prescient Fund of
Funds (A1 Class)
• Best SA Multi-Asset Medium Equity Fund: Prescient Positive Return
QuantPlusFund (A1 Class)
• Best SA Multi-Asset High Equity Fund: Olympiad MET Managed Fund of
Funds (A Class)

The Raging bull for the Best SA Multi-Asset Equity Fund: Prescient Positive Return QuantPlus Fund (A1 Class)

The Raging Bull for the Best SA Multi-Asset Flexible Fund: 36One MET Flexible Opportunity Fund

Best South African Interest Bearing and Multi-Asset Income Funds on a risk-adjusted basis

• Best SA Interest-Bearing Variable-Term Fund: Allan Gray Bond Fund (A
Fund)
• Best SA Interest-Bearing Short-Term Fund: Nedgroup Investments Core
Income Fund (B Class)
• Best SA Multi-Asset Income Fund: Saffron MET Opportunity Income
Fund (A Class)
• Best South African Real Estate Fund on a risk-adjusted basis: Oasis
Property Equity Fund (D Class)

Best (SA Domiciled) Global and Worldwide Funds on a risk-adjusted basis

• Best (SA Domiciled) Global Equity General Fund: Old Mutual Global
Equity Fund (A Class)
• Best (SA Domiciled) Global Multi-Asset High Equity Fund: Investec
Global Strategic Managed Feeder Fund (A Class)
• Best (SA Domiciled) Global Multi-Asset Flexible Fund: RE-CM Global
Feeder Fund (A Class)
• Best (SA Domiciled) Worldwide Multi-Asset Flexible Fund: Foord Flexible
Fund of Funds (R Class)

Best (FSB-approved) Offshore Funds on a risk-adjusted basis

• Best (FSB-approved) Offshore Far East Equity General Fund: Orbis
SICAV Asia Ex-Japan Equity Fund
• Best (FSB-approved) Offshore Global Real Estate Fund: Oasis Crescent
Global Property Equity Fund ( Ireland)
• Best (FSB-approved) Offshore Global Fixed Interest Bond Fund:
STANLIB Global Bond Fund
• Best (FSB-approved) Offshore Global Equity General Fund: Franklin
Global Small-MidCap Growth Fund

The Raging Bull for the Best (FSB-approved) Offshore Global Asset Allocation Fund: Lloyds Multi Strategy Fund Limited Growth Strategy

3. Top Management Companies of the Year awards

The awards are based on the highest average PlexCrown rating for the suite of funds per major asset class managed by each management company, with weights applied to asset classes.

The Raging Bull for the Offshore Management Company of the Year: Lloyds

South African Management Company of the Year – 3rd place: Nedgroup investments

South African Management Company of the Year – 2nd place: Allan Gray

The Raging Bull for the South African Management Company of the Year: Coronation