Morningstar Announces Winners for 2022 South Africa Fund Awards

Ursula Maritz, CIO and Mark Thompson, CEO

Iain Power CIO, Hannes van der Westhuyzen Portfolio Manager and Simone Sharman, Head of Distribution

Errol Shear, Portfolio Manager, Sasfin BCI Stable

Olga Jacobs, BCI Representative

Paul Stewart, CEO

Sunita Takurpersadh, Head of Operations and Kingsley Williams, CIO

Ursula Maritz, CIO and Mark Thompson, CEO

Iain Power, CIO and Hannes van der Westhuyzen, Portfolio Manager

Iain Power, CIO

Independent investment research company Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN) has named the winners of its 2022 Morningstar Fund Awards South Africa.

For the second year in a row, Satrix Investments has been awarded Best Fund House: Larger Fund Range. Truffle Asset Management scooped two awards – the first for its Truffle SCI Income Plus Fund being awarded the Best Bond Fund under the fund category awards, and the second being named the Best Fund House: Smaller Fund Range in the fund house category.

“Congratulations to all our 2022 Fund Award winners! The awards are designed to recognise the industry's top-notch fund offerings and investor-friendly firms. 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 battled turbulent macro-economic and political headwinds”, said Tal Nieburg, Managing Director of Morningstar South Africa.

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. For the full Morningstar Awards methodology, please click here.

“We believe this combination will ensure that the awards are given to funds which have earned strong one-year results and have also shown they have the ability to earn strong long-term returns without undue risk,” Nieburg added.

The Morningstar Fund Awards are hosted in 29 countries throughout the year at ceremonies across Europe, Asia, Africa and the Americas, honouring managers that have added the most value for investors. The awards are based on Morningstar Fund data as at 31 December 2021.

The winners for the 2022 Morningstar South Africa Fund Awards are:

Best Aggressive Allocation Fund: Southern Charter BCI Growth FoF
- Ursula Maritz, CIO
- Mark Thompson, CEO

Best Bond Fund: Truffle SCI Income Plus
- Iain Power, CIO
- Hannes van der Westhuyzen, Portfolio Manager
- Simone Sharman, Head of Distribution

Best Cautious Allocation Fund: Sasfin BCI Stable
- Errol Shear, Portfolio Manager, Sasfin BCI Stable

Best Flexible Allocation Fund: BCI Flexible
- Olga Jacobs, BCI Representative

Best Global Equity Fund: Fundsmith Equity T Inc
- Olga Jacobs, BCI Representative

Best Moderate Allocation Fund: Southern Charter BCI Balanced FoF
- Ursula Maritz, CIO
- Mark Thompson, CEO

Best South Africa Equity Fund: Counterpoint SCI Value
- Paul Stewart, CEO

Larger Fund Range: Satrix Investments
- Sunita Takurpersadh, Head of Operations
- Kingsley Williams, CIO

Smaller Fund Range: Truffle Asset Management
- Iain Power, CIO

Smaller Fund Range + Best Bond - Truffle Asset Management
- Iain Power_CIO
- Hannes van der Westhuyzen_Portfolio Manager