Prudential wins Morningstar’s 2017 top performance award
We are proud to report that on 1 March 2017, Prudential Investment Managers won the Morningstar Award for South Africa’s Best Fund House: Larger Fund Range for the excellent and consistent performance across our range of unit trust funds for the period ending 31 December 2016. This is the second year in a row that Prudential has achieved this result.
CEO Bernard Fick commented: “This award recognises the strong risk-adjusted performance across our range of unit trust funds. This result was a great team effort and testifies to the strength of consistency in our investment philosophy, process and people.”
The table below highlights some of our top-quartile-performing funds (ranking in the top 25% of unit trusts in their ASISA category based on returns):
The Morningstar Award for Best Fund House: Larger Fund Range is awarded to the large asset manager with 10 or more qualifying funds with the strongest performing overall fund range, on a risk-adjusted performance basis. The awards methodology emphasizes the one-year fund performance, but funds must also have delivered strong three- and five-year returns after adjusting for risk within their respective categories. Further, the funds must have been in at least the top half of their respective peer groups in at least three of the past five calendar years.
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* Best Fund House: Larger Fund Range, Morningstar Awards, 2016, 2017.