Nedgroup Investments wins top honours at Morningstar Awards
At the Morningstar Fund Awards held in Cape Town this week, Nedgroup Investments was awarded the key award of the evening, namely the Best Fund House, Larger Fund Range.
This follows on last month’s announcement that Nedgroup Investments was the Offshore Management Company of the Year for the 4th year in a row at the Raging Bull Awards.
The annual Morningstar Fund Awards recognise funds and fund houses that added the most value for investors within the context of their relevant peer group in 2018 and over longer time periods. Morningstar selects the finalists 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
Nic Andrew, Executive Head of Nedgroup Investments who was there to collect the award says: “We are very proud of these awards. These rankings measure the risk-adjusted performance of the entire range over the medium term and they are therefore a reasonable proxy for our investors’ experience. It is also particularly pleasing to see the consistency of this performance.”
This is the eleventh year in a row (2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017 and 2018) that Nedgroup Investments has been placed either in the top three of SA fund managers or the top offshore manager by Morningstar and/or Raging Bull. In several years Nedgroup Investments achieved both accolades.
"While we are pleased with this recognition, we remain focused on delivering long-term performance and dedicated client service for our investors," says Andrew.