Wehmeyer Ferreira.
Two exchange traded funds (ETFs) from the db x-trackers range marketed in South Africa by Deutsche Bank were nominated in the annual Morningstar Awards for outstanding investment results – outperforming many active investment funds designed to beat the market.
The db x-trackers MSCI USA fund, was the winner in the Best Regional Offshore Equity Fund category with an annual return of 23.67% and db x-trackers MSCI World fund, which took second place in the Best Global Equity Fund category, showing a one-year return of 15.20%.
The awards were presented last night (Wednesday, March 4) at a gala dinner in Cape Town.
Wehmeyer Ferreira, for db x-trackers in South Africa, commented: “We’re delighted by success at such an authoritative awards programme. Morningstar recognition comes as more and more South African investors are embracing the affordable ETF option. The reasons are clear – impressive performance and low costs.
“The two db x-trackers to win Morningstar recognition are affordable investment vehicles that offer South African investors the opportunity to access offshore equity markets, that would have otherwise not been available to them, with all the added benefits of ETFs.
“Now the Morningstar accolades underline another important message – that simply nailing down the underlying index performance can be enough to outperform many active funds that fail to achieve their objectives and trail the market.”
The Morningstar fund category awards and fund house awards are based on Morningstar fund data for 1 January 2014 to 31 December 2014.
The awards spotlight the one-year return, but funds must also deliver strong five-year performance, adjusted for risk. Furthermore, award-winners must have secured a position in the top half of their investment peer group for at least three of the past five years.
In addition to funds that mirror the world market and US performance, db x-trackers offer investors exposure to equity market performance in the UK, Europe and Japan.
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