Morningstar Announces 2020 South Africa Fund Award Winners

Best Aggresive Allocation Gavin Wood and Roland Greaver

Best Aggresive Allocation Fund Kagiso

Best Agressive Allocation Fund Gavin Wood Kagiso Balanced

Best Bond Fund Allan Gray Bond

Best Bond Fund Riefaat Soeker Allan Gray Bond

Independent investment research company Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN) has named the winners of its 2020 South Africa Fund Awards.

Kagiso won two awards – for Best Aggressive Allocation Fund and Best South Africa Equity Fund – while Investec scooped Best Fund House: Larger Fund Range award and Fairtree won Best Fund House: Smaller Fund Range.

The annual Morningstar South Africa Fund Awards recognise funds and fund houses that added the most value for investors within the context of their relevant peer group in 2019 and over longer time periods. Morningstar selects the finalists using a quantitative methodology with a qualitative overlay that considers the one-, three-, and five-year performance history of all eligible funds, and adjusts returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.

“The winners of this year’s South Africa Fund Awards demonstrate the value of a solid long-term investment strategy at a time when domestic and international markets are battling turbulent macro-economic and political headwinds,” said Tal Nieburg, Managing Director for Morningstar South Africa. “The winning funds and fund houses demonstrated the ability to earn strong risk-adjusted returns for investors over a sustained period while avoiding undue risk.”

The winners for the 2020 Morningstar South Africa Fund Awards are:

FUND CATEGORY AWARDS:                                    WINNERS:

Best Aggressive Allocation Fund                             Kagiso Balanced

Best Bond Fund                                                          Allan Gray Bond

Best Cautious Allocation Fund                                 ABSA Inflation Beater

Best Flexible Allocation Fund                                   Select BCI Worldwide Flexible

Best Global Equity Fund                                            Nedgroup Global Equity

Best Moderate Allocation Fund                                 Sasfin BCI Balanced

Best South Africa Equity Fund                                  Kagiso Equity Alpha

FUND HOUSE AWARDS:                                            WINNERS:

Best Fund House: Larger Fund Range                     Investec Asset Management

Best Fund House: Smaller Fund Range                   Fairtree Asset Management