Fourth consecutive win for Coronation at Morningstar South Africa Fund Awards
20 February 2014 - Coronation Insights
Coronation Fund Managers has been awarded the prestigious title of Morningstar Best Large Fund House for a fourth consecutive year. This was in addition to receiving two individual fund awards at the 2014 Morningstar South Africa Fund Awards ceremony held in Cape Town last night.
Coronation Strategic Income was named the Best Bond – Short-term Fund for the second year in a row, while Coronation Optimum Growth was named Best Flexible Allocation Fund; a second-time win for this fund.
The Morningstar awards are held annually to recognise individual funds and firms that have delivered outstanding returns while maintaining prudent risk management. The methodology applied emphasises both competitive returns and the associated level of risk, taking the prior year and three-year performance history into account.
Coronation’s Head of Personal Investments, Pieter Koekemoer, says: ‘We are proud to have been recognised as the Best Large Fund House four years in a row as it supports our commitment to creating long-term value for clients across our range of funds. We are, however, mindful that the outperformance delivered during the period under review has been exceptional and that returns will be tougher to generate than it has been in the past.’
He adds: As disciplined, valuation-driven investors our focus remains on investing with a long-term mindset and ensuring that our flagship fund range continues to meet the needs of our investors, whether they are investing in South Africa or internationally.’
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Notes to Editors
About Coronation Fund Managers
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. 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 25% 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 2013 quarter-end, assets under management total R522 billion.
All information and opinions provided are of a general nature and are not intended to address the circumstances of any particular individual or entity. Coronation is not acting and does not purport to act in any way as an advisor. Any representation or opinion is provided for information purposes only. Collective Investment Schemes in Securities (Unit trusts) 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 a guide to the future. Coronation Fund Managers will not be held liable or responsible for any direct or consequential loss or damage suffered by any party as a result of that party acting on or failing to act on the basis of the information provided in this document. Coronation Asset Management (Pty) Ltd is an authorised Financial Services Provider (FSP no. 548).
About Morningstar Research Limited - South Africa and Morningstar, Inc.
Morningstar South Africa 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 individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 437,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 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 $176 billion in assets under advisement and management as of Sept. 30, 2013. The company has operations in 27 countries.