 |
HONG KONG, March 14, 2013, /PRNewswire/ -- Morningstar Asia Limited, a subsidiary of independent investment research firm Morningstar, Inc. (NASDAQ: MORN), today announced the winning funds and fund groups for the Morningstar Hong Kong Fund Awards 2013.
The Morningstar Hong Kong Fund Awards 2013 recognize retail funds and fund groups that added the most value for investors within the context of their relevant peer group in 2012 and over the longer term. Winners are selected using a quantitative methodology with a qualitative overlay developed by Morningstar that considers the one-, three-, and five-year performance history of all eligible funds. Morningstar adjusts the 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. This year, Morningstar introduced two new fund house awards, Morningstar Best Equity Fund House Award and Morningstar Best Fixed-Interest Fund House Award, to acknowledge the fund groups with the strongest risk-adjusted performance across their fund line-ups.
"We are pleased to have a mix of high-quality asset managers winning awards across our equity and fixed-income award categories. Our inaugural fund house winners, MFS and PIMCO, are respected global investment managers who have delivered outstanding risk-adjusted returns for investors in Hong Kong," said Grant Kennaway, head of Asia-Pacific fund research for Morningstar.
The winners of the Hong Kong Category Awards 2013 are:
| EQUITY FUND CATEGORY | FUND SHARE CLASS WINNER |
| Asia ex-Japan Equity | First State Asian Growth Fund Class I Acc |
| Asia-Pacific Equity | Aberdeen Global - Asian Smaller Companies Fund Class A2 |
| Europe Large-Cap Equity | MFS Meridian Funds - European Research Fund Class A1 USD |
| Global Emerging Markets Equity | First State Global Emerging Markets Leaders Fund Class I |
| Global Large-Cap Equity | MFS Meridian Funds - Global Equity Fund Class A1 USD Acc |
| Greater China Equity | Schroder International Selection Fund Hong Kong Equity A Acc |
| Japan Large-Cap Equity | Aberdeen Global - Japanese Equity Fund Class A2 JPY |
| US Large-Cap Equity | Manulife Global Fund - American Growth Fund Class AA |
| FIXED-INTEREST FUND CATEGORY | FUND SHARE CLASS WINNER |
| Asia Bond | HSBC Asian Bond Fund Class AM - USD |
| Global Bond | Legg Mason Brandywine Global Fixed Income Fund Class A Acc USD |
| Global Emerging Markets Bond | AllianceBernstein - Emerging Markets Debt Portfolio Fund Class AT USD |
| High-Yield Bond | Baring High Yield Bond Fund Class A EUR Inc |
The winners of the Hong Kong Fund House Awards 2013 are:
| FUND HOUSE CATEGORY | FUND HOUSE WINNER |
| Best Equity Fund House | MFS |
| Best Fixed-Interest Fund House | PIMCO |
The Morningstar Hong Kong Fund Awards are based on Morningstar fund data for the period of 1st January 2012 to 31st December 2012. For more information about the awards and the methodology, please visit http://awards.morningstar.com
References to and commentary on the above mentioned mutual funds should not be considered a solicitation to buy or sell that fund.
About Morningstar Asia and Morningstar, Inc.
Morningstar Asia Limited is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 416,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 9 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately US$149 billion in assets under advisement and management as of Dec. 31, 2012. The company has operations in 27 countries.
Morningstar expanded to Asia in April 2000 and has grown its businesses into Japan, South Korea, India, mainland China, Taiwan, Singapore, Malaysia, and Hong Kong. The Asia operations not only offer timely information on mutual funds, but also insightful and independent analyses, unbiased fund ratings, and sophisticated analytical tools to help both individual and professional investors make better investment decisions.
©2013 Morningstar, Inc. All rights reserved.
Media Contact:
Cecilica Chung
+852-2973-4655
cecilica.chung@morningstar.com
