Morningstar Announces Winners for Morningstar South Africa Fund Awards 2012

Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, announced the winning funds and fund groups for the Morningstar South Africa Fund Awards 2012.

The Morningstar South Africa Fund Awards 2012 recognise retail funds and fund groups that added the most value for investors within the context of their relevant peer group in 2011 and over the longer term.

Winners are selected using a quantitative methodology developed by Morningstar that considers the one and three year performance history of all eligible funds, and adjusts returns for risk using Morningstar Risk, a utility theory-based screen that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.

“2011 was a challenging year for fund managers throughout South Africa. The volatility of the South African market combined with strong global economic headwinds created difficult trading conditions”, said Tal Nieburg, head of Morningstar South Africa, “in spite of these conditions our winning managers relied on skill, experience and solid fund management strategies to deliver top returns to their investors.”

The Morningstar South Africa Awards 2012 winners are:

FUND CATEGORY AWARDS:  WINNERS:
Asia-Pacific Equity: Templeton Asian Growth Fund
Europe Large-Cap Equity:  Fidelity European Dynamic Growth Fund
Global Large-Cap Equity:  Old Mutual Global Equity Fund
South Africa Equity: Marriott Dividend Growth Fund
South Africa Small-Cap Equity: Momentum Small/Mid-Cap Fund
US Large-Cap Equity: Lloyds TSB OS North American Fund
Sector Equity - Consumer Goods & Services: STANLIB Industrial Fund
Sector Equity - Financial Services: Sanlam Global Financial Fund
Sector Equity - Natural Resources: Momentum Resources Fund
Property - Indirect Global: STANLIB Global Property Feeder Fund
Property - Indirect South Africa: STANLIB Property Income Fund
ZAR Cautious Allocation: Coronation Balanced Defensive Fund
ZAR Moderate Allocation: PSG Konsult Moderate Fund of Funds
ZAR Aggressive Allocation: Coronation Market Plus Fund
ZAR Flexible Allocation: 36ONE Target Return Fund
Global Bond: STANLIB Global Bond Feeder Fund
ZAR Bond - Short: Coronation Strategic Income Fund
ZAR Diversified Bond: Allan Gray Bond Fund

BEST FUND HOUSE AWARDS: WINNERS:
Best Fund House: Large Range: Coronation Fund Managers
Best Fund House: Small Range: Southern Charter Wealth Management