Morningstar Announces Winners for 2013 Morningstar South Africa Fund Awards

Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the winning funds and fund groups for the Morningstar South Africa Fund Awards for 2013.

The 2013 Morningstar South Africa Fund Awards recognise retail funds and fund groups that have been good stewards of investor capital within the context of their relevant peer group in 2012 and over longer time periods. Winners are selected using a quantitative methodology developed by Morningstar that considers the one and three year performance history of all eligible funds. Morningstar adjusts the returns for risk using a utility theory based screen that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.

“2012 was an interesting year for the fund management industry in South Africa. Whilst local markets had a good year this was against a backdrop of increasingly uncertain economic and political influences,” Tal Nieburg, Managing Director Morningstar South Africa, said. “Fund managers who won this year navigated conflicting market signals and delivered superior risk-adjusted performance for their investors.”

The 2013 Morningstar South Africa Awards winners are:

FUND CATEGORY AWARDS: WINNERS:

Global Bond Prudential Global High Yield Bond
Global Equity Investec GSF Global Franchise
Property - Indirect Coronation Property Equity
Regional Offshore Equity Franklin European Growth
Sector Equity NewFunds eRAFI SA Financial 15 Index ETF
South Africa Equity Marriott Dividend Growth
South Africa Small-Cap Equity Nedgroup Investments Entrepreneur
Aggressive Allocation Coronation Market Plus
Short-Term Bond Coronation Strategic Income
Cautious Allocation Coronation Balanced Defensive
Diversified Bond RMB Government Inflation Linked Bond ETF
Flexible Allocation ClucasGray Future Titans
Moderate Allocation MET Odyssey Balanced Fund of Funds

Fund Group Awards: Winners:

Larger Range Coronation Fund Managers
Smaller Range Southern Charter Wealth Management