Coronation named Morningstar Best Large Fund House for second consecutive year
14 March 2012 - Coronation Insights
Coronation named Morningstar Best Large Fund House for second
14 March 2012
Coronation Fund Managers was again named Best Fund House – Large Range at the 2012 Morningstar South Africa Fund Awards ceremony held in Cape Town. This is the second consecutive year in which the company has received this prestigious accolade. The Morningstar awards recognise retail funds and fund groups that have added the most value within the context of their relevant peer group over the past year to 31 December 2011 and over the longer term. The awards methodology emphasises both competitive returns and the associated level of risk.
Coronation also received three individual fund awards for the Coronation Market Plus, Coronation Balanced Defensive and Coronation Strategic Income funds for best performance in their respective categories.
Coronation head of Personal Investments, Pieter Koekemoer says: “The most pleasing aspect of receiving the Large Fund House award for the second year in a row is that it confirms our consistent delivery on our promise to investors to add value across different mandates and risk budgets over the long term. We believe in providing a fund range that relies on a single investment philosophy and process.” He says this
common Coronation DNA can be found across the entire fund range, with only the specific portfolio constraints and risk budgets differentiating the respective fund positions.
“We emphasise a focused flagship fund range with unambiguous objectives and risk budgets that are designed to meet specific investor needs,” says Koekemoer. We offer five domestic and five international funds that cater for the key investor needs of immediate income, a combination of income and growth or maximising long-term capital growth. According to Koekemoer all 10 funds have produced top quartile
performance since their respective launch dates going back as far as April 1996.
Koekemoer concludes that while the Coronation flagship fund range has a multi-asset bias, the company also offers a range of more specialist portfolios for investors who prefer to make their own asset allocation decisions.
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Note 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. 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.