Morningstar has announced the winning funds and fund houses for its 2017 Hong Kong Fund Awards.
The annual Morningstar Hong Kong Fund Awards are designed to help investors identify the retail 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 winners 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.
“Over the years, we have earned trust from investors because we translate a flood of information into research that gives them the stories behind investments and the context to make informed decisions,” Nick Cheung, Chief Executive Officer for Morningstar in Asia, said. “It’s our honor to recognize outstanding achievement in investment management again this year through the Morningstar Awards.”
“All of our winners delivered strong three- and five-year returns after adjusting for risk, in addition to outperformance of their peers during the last 12 months,” Wing Chan, Morningstar’s Director of Manager Research in Asia, said. “These funds have demonstrated that they have the ability to earn strong returns over the long term without undue risk. We believe that taking a patient, long-term view to investing will ultimately help investors reach their financial goals.”
The winners of the 2017 Morningstar Hong Kong Fund Awards are:
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FUND CATEGORY AWARDS: |
WINNERS: |
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Best Asia Bond Fund |
UBS (Lux) Bond Fund - Full Cycle Asian Bond (USD) P-acc |
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Best Asia-Pacific Equity Fund |
Robeco Asia Pacific Equities D USD |
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Best Global Equity Fund |
MFS Meridian Global Equity W1 USD |
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Best Greater China Equity Fund |
ZEAL Voyage China Fund |
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Best Hong Kong Equity Fund |
Hang Seng Index ETF |
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FUND HOUSE AWARDS: |
WINNERS: |
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Best Equity Fund House |
Fidelity International |
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Best Fixed-Income Fund House |
PIMCO Asia Limited |
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MANDATORY PROVIDENT FUND (MPF) SCHEME AWARDS: |
WINNERS:
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Best MPF Scheme |
Fidelity Retirement Master Trust |
The finalists for the Best MPF Scheme award are HSBC Mandatory Provident Fund - ValueChoice and Hang Seng Mandatory Provident Fund - ValueChoice.
Notes:
The Morningstar fund category awards are based on Morningstar fund data as of 31 December 2016. The awards methodology emphasises the one-year period, but funds must also have delivered strong three- and five-year returns after adjusting for risk within the awards peer groups in order to obtain an award. For the full methodology, please click here.
View all Morningstar Hong Kong Fund Awards 2017 articles here
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