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152 funds score top accolade in recent FE Crown Fund Rating rebalancing

2018-09-05 11:44 826

HONG KONG, Sept. 5, 2018 /PRNewswire/ -- In FE's latest semi-annual Crown Ratings rebalancing, 152 Hong Kong SFC Authorised funds was awarded the highly prized five FE Crowns -- with 18 previously unrated funds also achieving five Crown status.

  • 152 funds awarded 5 FE Crowns
  • 12 funds managed to keep its 5 FE Crown status from the previous rebalancing in January
  • Fidelity continues to top the group leaderboard
  • 24 previously unrated funds awarded the highest accolade

In total, July's rebalancing saw 116 funds upgraded to 5 Crown status, while 135 funds saw their rating downgraded. Meanwhile,157 funds gained at least two FE Crowns, with 321 funds loosing at least two FE Crowns.

About FE Ratings

FE Ratings have been designed around the principles of simplicity, reliability and accuracy. What differentiates FE Ratings from many others is that FE provides a single suite of ratings which allows investors and fund selectors to evaluate funds from all angles. Funds are ranked objectively and transparently using a quantitative methodology in which funds are ranked between one and five Crowns.

Sector analysis

The Fixed Interest -- Hong Kong Dollar sector took top spot in terms of absolute numbers with 11 funds scoring 5 Crowns, with Fixed Interest -- RMB and Mixed Asset -- Asia Pacific sector, sharing second place, each producing 10 funds with 5 Crowns.

Senior Vice President of Research, Luke Ng commented: "Equity -- International sector saw the biggest increase in the number funds with 5 Crowns, rising from one to eight funds. Many of these funds showed a stronger focus towards Information Technology and/or Consumer businesses. On the other hand, Equity -- Asia Pacific ex-Japan sector saw the biggest fall from thirteen to five funds."

At the group level, Fidelity top the group leaderboard with 13 funds from its stable managing to achieving 5 FE Crowns, followed by First State with 10 funds.

FE's Crown ratings assess a fund according to alpha generation, volatility and the consistency in which they have beaten their benchmarks over the past three years. Only the top 10% of funds compared against their peer group will be given 5 FE Crown status.

Previously unrated to five FE Crowns

  • UBS (Lux) Key Selection SICAV China Allocation Opportunity (USD) (Citicode: FUZO)
  • T. Rowe Price Global High Income Bond A USD (Citicode: MEPF)
  • Investec All China Equity (Citicode: E16Y)
  • PineBridge India Equity (Citicode: MFGR)

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Source: FE
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