Morningstar Announces Winners of the 2014 Morningstar South Africa Fund Awards

The 2014 Morningstar South Africa Fund Awards recognise retail funds and fund groups that added the most value for investors within the context of their relevant peer group in 2013 and over longer time periods. Winners are selected using a quantitative methodology with a qualitative overlay 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 measure that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.

"We are pleased to have a mix of high-quality asset managers winning across all of our award categories. Our fund house winners, Coronation and Foord, are highly respected investment managers that have delivered outstanding risk-adjusted returns for investors in South Africa,” Tal Nieburg, managing director for Morningstar South Africa, said.