Coronation recognised at 20th annual Raging Bull Awards
29 January 2016 - Coronation Insights
Long-term fund manager, Coronation, was named runner-up South African Management Company of the year at the Raging Bull awards ceremony held in Cape Town this week. The award is calculated using the overall risk-adjusted performance of its unit trust funds with a track record of at least five years to end-December 2015 in those sectors that comprise at least five funds.
For the second consecutive year, two Coronation funds from its international and domestic fixed interest offering received the top rating in their respective categories. Coronation Global Managed [ZAR] Feeder was named Best Global Multi-Asset High Equity Fund, while Coronation Jibar Plus Fund was recognised as the Best South African Interest-Bearing Short-Term Fund. The awards are based on risk-adjusted performance, taking both the three and five year returns to 31 December 2015 into account.
Pieter Koekemoer, Coronation’s head of personal investments commented: “Focusing on the long term allows us to build client portfolios that are able to outperform over meaningful periods, which we define as five years and longer for most funds. We are pleased that the strength of this investment philosophy, which we apply across our entire fund range, continues to be recognised for its consistent ability to add long-term value to client portfolios.”
Koekemoer added: “While we expect the investment environment to remain tough in 2016, our sole objective continues to be maximising long-term outcomes for our investors.”
The annual Raging Bull awards ceremony is hosted by Personal Finance, ProfileData and PlexCrown Fund Ratings.
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