Morningstar Investment Management Asia Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced the winning funds and fund houses for its 2020 Morningstar Fund Awards Hong Kong.
The annual Morningstar Hong Kong Fund Awards recognise retail funds and fund houses that have added the most value for investors within the context of their relevant peer group in 2019 and over longer time periods. Morningstar selects the winners using a quantitative methodology, along with a qualitative overlay. Weightings to one-, three-, and five-year risk-adjusted performance are factored into the methodology.
“Morningstar’s Annual Awards highlight the quality and breadth of investments available for investors in each region,” said Nick Cheung, Chief Executive Officer for Morningstar in Asia. “Our 2020 winners have been great drivers of investor success. It is our honor to recognize their outstanding achievements and commitments to investors.”
“The 2019 rally in both equities and bonds has rewarded investors handsomely, however it was also one of the more unpredictable periods in history, with low interest rates, heightened geopolitical uncertainty, and stretching asset valuations continuing to worry investors,” said Wing Chan, Morningstar’s Director of Manager Research Practice, EMEA & Asia. “The Awards winners, across our equity and fixed income categories, have proved their ability to deliver market-beating returns over the long term without undue risk.”
The winners of the 2020 Morningstar Fund Awards Hong Kong are:
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FUND CATEGORY AWARDS: |
WINNERS: |
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Best Asia-Pacific Equity Fund |
JPMorgan Pacific Securities Acc USD |
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Best Global Equity Fund |
Fidelity Global Focus A-DIST-USD |
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Best Greater China Equity Fund |
UBS (Lux) Equity China Opportunity (USD) (HKD) P-acc |
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Best Hong Kong Equity Fund |
First State Hong Kong Growth Fund – Class I USD Acc |
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Best Asia Bond Fund |
Legg Mason Western Asset Asian Opportunities Fund (Class A USD Acc) |
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FUND HOUSE AWARDS: |
WINNERS: |
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Best Equity Fund House |
Neuberger Berman |
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Best Fixed Income Fund House |
Capital Group |
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MANDATORY PROVIDENT FUND (MPF) SCHEME AWARDS:
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WINNERS: |
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Best MPF Scheme |
Fidelity Retirement Master Trust |
The finalists for the Best MPF Scheme award are BEA (MPF) Value Scheme and BOCI-Prudential Trustee Limited - My Choice Mandatory Provident Fund.
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Notes to Editors:
The Morningstar fund category awards are based on Morningstar fund data as of 31 December 2019. 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. In selecting winners, fund returns are adjusted for risk using the Morningstar Risk, a measure which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility. For the full methodology, please click here.
For the full methodology, and to view all Morningstar Hong Kong Fund Awards 2020 articles, please click here.
