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Tal Nieburg Tal.Nieburg@morningstar.com
Morningstar Announces Winners for 2017 Morningstar South Africa Fund Awards
CAPE TOWN, 2 March 2017—Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the winners for its 2017 South Africa Fund Awards.

The annual Morningstar South Africa Fund Awards recognise funds and fund houses that added the most value for investors within the context of their relevant peer group in 2016 and over longer time periods. Morningstar selects the finalists using a quantitative methodology with a qualitative overlay that considers the one-, three-, and five-year performance history of all eligible funds, and adjusts returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.

“This year’s winning funds and fund houses delivered strong returns after adjusting for risk, surpassing the performance of their peers”, Tal Nieburg, Managing Director for Morningstar South Africa, said. “The ability to have a long-term approach to investing is a basic tenet of Morningstar. We encourage the patient approach demonstrated by the selected winners that serves to help investors reach their financial goals”.

The winners for the 2017 Morningstar South Africa Fund Awards are:


Best South Africa Equity Fund / Aylett Equity Prescient

Best Aggressive Allocation Fund / PSG Balanced

Best Cautious Allocation Fund / Bridge Stable Growth

Best Moderate Allocation Fund / Nedgroup Inv Opportunity

Best Flexible Allocation Fund / Centaur BCI Flexible

Best Bond Fund / Coronation Bond

Best Global Equity Fund / iShares Core MSCI World USD


Best Fund House: Larger Fund Range / Prudential Portfolio Managers (SA) Unit Trusts Limited

Best Fund House: Smaller Fund Range / Foord Asset Management

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Notes to Editors:

The Morningstar fund category and fund house awards are based on Morningstar fund data as at 31 December 2016. The awards methodology emphasises the one-year period, but funds must also have delivered strong three- and five-year returns after adjusting for risk within the award peer groups in order to obtain an award. In selecting winners, fund returns are adjusted for risk using the Morningstar Risk, measure, which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.

For the full Morningstar Awards methodology, please click here.

References to and commentary on the above-mentioned funds should not be considered a solicitation to buy or sell that fund. Past performance is no guarantee of future results.

About Morningstar UK Limited and Morningstar, Inc.
Morningstar Research (Pty) Limited 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 and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than USD$200 billion in assets under advisement and management as of 31 December 2016. The company has operations in 27 countries.

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©2017 Morningstar, Inc. All Rights Reserved.
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