For the third consecutive year, Coronation Fund Managers was named Best Large Fund House at the 2013 Morningstar South Africa Fund Awards ceremony held in Cape Town this week. The Morningstar awards are held annually to recognise individual funds and firms that have delivered outstanding returns while maintaining prudent risk management. The awards‟ methodology emphasises both competitive returns and the associated level of risk, taking the prior year and three-year performance history into account.
Coronation also received four individual Morningstar fund awards for four-time winner Coronation Market Plus (Best Aggressive Allocation Fund), two-time winners Coronation Balanced Defensive (Best Cautious Allocation Fund) and Coronation Strategic Income (Best Short Term Bond Fund) as well as Coronation Property Equity (Best Property – Indirect South Africa Fund); a first-time winner.
Coronation head of Personal Investments, Pieter Koekemoer, says: “To be named Best Large Fund House three years in a row tells of our continuous delivery of creating long-term wealth for our clients across different mandates and risk budgets, which is the most pleasing aspect of this recognition.”
He adds: “Coronation is delighted to have achieved a rare „double‟, having also won the Raging Bull Domestic Management Company of the year in February.”
Koekemoer explains that all Coronation funds are built from a single investment philosophy and process, known as the Coronation „DNA‟. “While individual fund mandates are designed to meet specific investor needs, it is the DNA that investors are investing in.”
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Notes to the editor:
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. We are 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 31 December 2012, the company manages assets of R375 billion.
About Morningstar, Inc.
Morningstar, Inc. is 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 advisers, 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 $149 billion in assets under advisement and management as of Dec. 31, 2012. The company has operations in 27 countries.
The Morningstar fund category awards and fund house awards are based on Morningstar fund data for the period 1st January 2012 to 31st December 2012. For the full methodology , please contact Tal Nieburg at firstname.lastname@example.org.