Prudential Portfolio Managers wins two awards

Prudential Portfolio Managers won two awards at the annual Morningstar Awards ceremony held this week in Cape Town.

1. The award for the top resources fund in South Africa went to the Nedgroup Mining and Resources Fund, which is managed on Nedgroup’s behalf by Gary Quinn, head of Equities at Prudential Portfolio Managers.

2. The Prudential Enhanced SA Property Tracker Fund managed by portfolio manager Albert Arntz, won the award for the top Real Estate fund.

The Morningstar South Africa Fund Awards recognise fund managers in South Africa who have demonstrated excellence over the past three years, with a heavier weighting given to the past year. They recognise the top performing funds in each sector on a risk adjusted basis. In other words, they acknowledge those funds that achieve the best return without taking undue risk.

These awards are the most recent additions to a long list of independently verified accolades that the investment management firm has been awarded. In January this year, they were named as one of the top three unit trust management companies in South Africa in the Personal Finance Raging Bull Awards (in association with Plexus and Profile Data). This award acknowledges unit trust management companies with the most impressive and most consistent overall performance across their suite of different funds taking into account all factors (including performance, risk-management and consistency).

Commenting on the Morningstar Awards, John Kinsley, Managing Director of Prudential Portfolio Managers Unit Trusts said, 'It is pleasing that our unchanging investment philosophy of prudent value has once again borne fruit for our investors.”

“As much as winning awards is good news for us, it is better news for our clients. They provide an objective source of reassurance that regardless of their specific objectives and appetite for risk, and as their needs change over time, our entire range of funds has a proven and demonstrable ability to consistently deliver benchmark-beating returns with less risk.”