Coronation named Best Domestic Management Company of 2012 at Raging Bull awards ceremony
02 February 2013 - Coronation Insights
Coronation Fund Managers was named best domestic management company of 2012 at the 17th annual Raging Bull Awards ceremony held in Johannesburg last night.
Coronation’s first place in the domestic management company of the year category was based on the most impressive and most consistent overall performance across a suite of rand-denominated funds (both domestic and international) with a performance history of at least three years. Pieter
Koekemoer, head of Personal Investments at Coronation says: “While we achieved high ratings across both our domestic and international funds, we are particularly pleased with the very strong contribution from our international funds to the overall rating.” Coronation achieved an overall average
PlexCrown rating of 3.938 out of a potential 5.000.
Koekemoer adds that while external recognition is always welcome, Coronation’s true satisfaction comes from the consistent delivery on their commitment to creating long-term wealth for their clients. “We trust that the consistent delivery of top quartile performance across our flagship domestic and international fund ranges over meaningful time periods is assisting in achieving that.”
The Coronation Balanced Defensive Fund also received an individual Raging Bull award in the category best domestic asset allocation prudential fund on a risk-adjusted basis. “This is particularly impressive given that Balanced Defensive achieved the highest rating over five years amongst all the domestic asset allocation prudential funds in the respective ASISA low equity, medium equity, high equity and variable equity sub categories,” says Koekemoer. In addition, Coronation received four fund certificates for the best straight performance in a category* (Coronation Property Equity and Coronation Industrial Funds) and the best risk-adjusted performance in a category* (Coronation Balanced Defensive and the Coronation World Equity Fund of Funds).
The annual Raging Bull awards ceremony is jointly sponsored by Personal Finance, PlexCrown Fund Ratings and ProfileData.
*Top performers on a straight performance basis are ranked on a three-year lump sum NAV to NAV basis as at 31 December 2012, with income distributions reinvested at the ex-dividend date. Calculations by ProfileData.
For top performers on a risk-adjusted basis, performance over three-year and five-year periods to 31 December 2012 are taken into account. The PlexCrown system, which incorporates risk-adjusted returns and consistency of performance, is used to rank funds for these awards.
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Notes to the editor
Coronation Fund Managers Limited is one of southern Africa’s most successful third-party fund management companies. As a pure fund management business it provides individual and institutional investors with expertise across Developed Markets, Emerging Markets and Africa. Its unit trust management company is the 2nd largest manager of long-term assets in the South African unit trust industry. Clients include some of the largest retirement funds, medical schemes and multi-manager companies in South Africa, many of the major banking and insurance groups, selected investment advisory businesses, prominent independent financial advisors,high-net worth individuals and direct unit trust accounts. Coronation is 29% staff-owned, have offices in Cape Town, Johannesburg, Pretoria, Durban, Gaborone, Mbabane, Windhoek, London and Dublin and are listed on the Johannesburg Stock Exchange. As at the December 2012 quarter-end, assets under management total R375 billion.
The information, opinions and any communication from Coronation, whether written, oral or implied are expressed in good faith and not intended as investment advice, does not constitute an offer or solicitation in any manner. Further, all information provided is of a general nature with no regard to the specific investment objectives, financial situation or particular needs of any person. Coronation is not an authorisedfinancial services provider, therefore it is recommended that investors first obtain appropriate legal, tax, investment or other professional advice prior to acting upon such information. Collective investment Schemes in securities (unit trust funds) are generally medium to long-term investments. The value of participatory interests (units) may go down as well as up and past performance is not necessarily an indication of future performance. Forward pricing is used and occurs at 15h00 each business day. Unit trusts are traded at ruling prices and may engage in scrip lending and borrowing. Fluctuations or movements in exchange rates may cause the value of underlying investments to go up or down. A schedule of fees and charges are available on request from Coronation Management Company (RF) Pty Limited.