Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the finalists for its 2017 South Africa Fund Awards.
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 2016 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.
“Each of the finalists in the Morningstar South Africa Fund Awards has surpassed their peers, selected for the ability to deliver strong returns after adjusting for risk, and demonstrating potential for sustained returns in the long-term”, Tal Nieburg, Managing Director for Morningstar South Africa, said. “The Morningstar Awards offer due recognition to the highest-performing funds and fund houses that demonstrated excellence over the course of the previous year. We look forward to congratulating all of the finalists and winners at our presentation event next month”.
The finalists for the 2017 Morningstar South Africa Fund Awards are:
Morningstar will announce the winners on 1 March 2017 at a gala dinner and ceremony at Kelvin Grove, Newlands in Cape Town. For event information and the awards methodology, please contact Awards.ZA@morningstar.com or visit http://awards.morningstar.com.
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