Morningstar announces winners for 2017 Morningstar South Africa Fund Awards

Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the winners 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.

“This year’s winning funds and fund houses delivered strong returns after adjusting for risk, surpassing the performance of their peers”, Tal Nieburg, Managing Director for Morningstar South Africa, said. “The ability to have a long-term approach to investing is a basic tenet of Morningstar. We encourage the patient approach demonstrated by the selected winners that serves to help investors reach their financial goals”.

The winners for the 2017 Morningstar South Africa Fund Awards are: