morningstar names its ten favoured funds

Morningstar UK has announced the winning funds and fund groups of its Fund Awards 2012, with Newton and First State among the familiar firms receiving accolades.

morningstar names its ten favoured funds


The Morningstar UK Fund Awards aim to recognise funds and fund groups who have 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 with a qualitative overlay which considers the one-, three-, and five-year performance history of all eligible funds.

This also adjusts returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fun’s return than it does for upside volatility.

Newton Asian, run by Jason Pidcock, was the winner of the best Asia Pacific Equity Fund, a choice that came of little surprise to Portfolio Adviser, which interviewed Pidcock last year.

Another stalwart winner was First State Global Emerging Markets Leaders, under Jonathan Asante and Glen Finegan, a fund that is likely to see increased inflows following the soft closure of the Aberdeen Emerging Markets Fund.

M&G’s Strategic Corporate Bond Fund, managed by Richard Woolnough, was given the award for best GBP Corporate Bond Fund, while Majedie and Marlborough won best UK Large-Cap and best UK Small-Cap respectively.

The full list of winners is as follows:

  • UK Large-Cap Equity Fund – Majedie Asset UK Equity
  • UK Mid-Cap/All-Cap Equity Fund – Axa Framlington UK Select Opportunities
  • UK Small-Cap Equity Fund – Marlborough Special Situations
  • Asia Pacific Equity Fund – Newton Asian
  • Best Global Emerging Markets Equity Fund – First State Global Emerging Markets Leaders
  • Europe ex-UK Large-Cap Equity Fund – Threadneedle European Select
  • Europe Large-Cap Equity Fund – MFS Meridian European Value
  • Global Large-Cap Equity Fund – Veritas Global Focus
  • GBP Corporate Bond Fund – M&G Strategic Corporate Bond
  • US Large-Cap Equity Fund – Julius Baer Multistock-US Leading Stock

Do you agree with these choices? What alternative recommendations would you make?



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