Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the finalists for its 2018 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 2017 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 Morningstar South Africa Fund Awards is a great opportunity to showcase the best-performing funds and fund houses of the past year who demonstrated the ability to outperform their peers”, Tal Nieburg, Managing Director for Morningstar South Africa, said. “The finalists of each category delivered strong risk adjusted returns over the past year and over the longer-term. We look forward to honouring the winners at the Morningstar Awards on 28 February in Cape Town.”
The finalists for the 2018 Morningstar South Africa Fund Awards are:
Morningstar will announce the winners on 28 Feb 2018 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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