Home Capital Refinitiv Lipper Fund Awards 2020

Winners and methodology

The Edge Singapore
The Edge Singapore4/30/2020 06:40 AM GMT+08  • 9 min read
Winners and methodology
SINGAPORE (April 30): Here is the full list of winners:
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SINGAPORE (April 30): Here is the full list of winners:

Group award winners

Best group over 3 years: Bond: J.P. Morgan Asset Management

Best group over 3 years: Equity: UBS Asset Management

Best group over 3 years: Mixed assets: AllianceBerstein

Best group over 3 years: Overall: Fidelity International

Fund award winners Duration: 3 years

Bond Asia Pacific HC: Fullerton SGD Income B

Bond Asia Pacific LC: Schroder ISF Asian Local Currency Bond A Acc

Bond Emerging Markets Global Corporates: AS SICAV I - EM Corporate Bond A Acc USD

Bond Emerging Markets Global HC: Neuberger Berman EM Debt Hard Curr USD A Acc

Bond Emerging Markets Global LC: PIMCO GIS Emerging Local Bd E Cl USD Acc

Bond Global High Yield USD: Janus Henderson HF Global HiYld Bond A2 USD

Bond Global USD: Maybank Asian Income A Acc USD

Bond USD: AB FCP I-American Income Portfolio A USD

Bond USD High Yield: Fidelity Funds - US High Yield A-USD-DIS

Equity ASEAN: JPM ASEAN Equity A Acc USD

Equity Asia Pacific ex Japan: JPM Asia Growth A Acc USD

Equity China: UBS (Lux) Eq Fd - China Opportunity (USD) P-acc

Equity Emerging Mkts Global: Schroder ISF BRIC A Acc USD

Equity Europe: Fidelity Funds - European Dynamic Gth A-EUR-DIS

Equity EuroZone: Fidelity Funds - Euro Stoxx 50 A-EUR-DIS

Equity Global: Threadneedle (Lux)-Global Focus AU

Equity Global Income: Fidelity Funds - Global Dividend A-ACC-USD

Equity Greater China: UBS (Lux) Eq Fd - Greater China (USD) P-acc

Equity India: Schroder ISF Indian Opportunities A Acc

Equity Japan: First State Japan Equity I USD Acc

Equity Japan Sm&Mid Cap: United Japan Small and Mid Cap JPY

Equity Sector Information Tech: BGF World Technology A2 USD

Equity Sector Real Est Global: Janus Henderson Global Property Income

Equity Singapore: Schroder Singapore Trust A SGD Dis

Equity US: WF(Lux)WW - U.S. Large Cap Growth Fund A (USD) acc

Equity US Sm&Mid Cap: JPM US Small Cap Growth A Dis USD

Mixed Asset SGD Balanced: First State Bridge A (Semi-Annually Distributing)

Mixed Asset USD Bal - Global: Capital Group Global Allocation Fund (LUX) B USD

Mixed Asset USD Flex - Global: Lion-Bank of SG Asian Income A Acc USD

Fund award winners Duration: 5 years

Bond Asia Pacific HC: Fullerton Lux Funds-Asian HY Bonds A USD Dis

Bond Asia Pacific LC: Schroder ISF Asian Local Currency Bond A Acc

Bond Emerging Markets Global Corporates: BNY Mellon Em Mkts Corp Debt A USD

Bond Emerging Markets Global HC: Neuberger Berman EM Debt Hard Curr USD A Acc

Bond Emerging Markets Global LC: Capital Group EM Debt Fund (LUX) B USD

Bond Global High Yield USD: Janus Henderson HF Global HiYld Bond A2 USD

Bond Global USD: Maybank Asian Income A Acc USD

Bond USD: AB FCP I-American Income Portfolio A USD

Bond USD High Yield: Fidelity Funds - US High Yield A-USD-DIS

Equity Asia Pacific ex Japan: Schroder Asian Growth SGD

Equity China: UBS (Lux) Eq Fd - China Opportunity (USD) P-acc

Equity Emerging Mkts Global: HSBC GIF BRIC Equity M1C USD

Equity Europe: Fidelity Funds - European Dynamic Gth A-EUR-DIS

Equity EuroZone: AB SICAV I-Eurozone Equity Portfolio A EUR

Equity Global: AB SICAV I-Concentrated Global Equity Pf A USD

Equity Global Income: BNY Mellon Global Equity Income B USD

Equity Greater China: UBS (Lux) Eq Fd - Greater China (USD) P-acc

Equity India: Manulife Global Fd-India Equity AA

Equity Japan: Fidelity Funds - Japan Aggressive A-JPY

Equity Japan Sm&Mid Cap: United Japan Small and Mid Cap JPY

Equity Sector Information Tech: BGF World Technology A2 USD

Equity Sector Real Est Global: Janus Henderson Global Property Income

Equity Singapore: Schroder Singapore Trust A SGD Dis

Equity US: AB SICAV I-American Growth Portfolio A USD

Equity US Sm&Mid Cap: Neuberger Berman US Small Cap USD A Acc

Mixed Asset SGD Balanced: First State Bridge A (Semi-Annually Distributing)

Mixed Asset USD Bal - Global: Capital Group Global Allocation Fund (LUX) B USD

Mixed Asset USD Flex - Global: Fidelity Funds - Gl MA Income A-ACC-USD

Fund award winners Duration: 10 years

Bond Asia Pacific HC: NN (L) Asian Debt HC P Cap USD

Bond Emerging Markets Global HC: Goldman Sachs Em Markets Debt Pf Base USD

Bond Emerging Markets Global LC: Capital Group EM Debt Fund (LUX) B USD

Bond Global USD: PIMCO GIS Diversified Income E Cl USD Inc

Bond USD High Yield: BGF US Dollar High Yield Bond A2 USD

Equity Asia Pacific ex Japan: Schroder Asian Growth SGD

Equity China: WF(Lux)WW - China Equity Fund A (USD) acc

Equity Emerging Mkts Global: JPM Emerging Markets Opportunities A Acc USD

Equity Europe: Fidelity Funds - European Dynamic Gth A-EUR-DIS

Equity EuroZone: Janus Henderson HF Euroland A2 EUR

Equity Global: Threadneedle (Lux)-Global Focus AU

Equity Greater China: UBS (Lux) Eq Fd - Greater China (USD) P-acc

Equity India: Goldman Sachs India Equity Pf Base Acc USD

Equity Japan: PineBridge Japan Equity A USD

Equity Sector Information Tech: Franklin Technology A (acc) USD

Equity Singapore: Singapore Dividend Equity SGD

Equity US: Legg Mason ClearBridge US Lrg Cap Gro A Acc USD

Mixed Asset SGD Balanced: First State Bridge A (Semi-Annually Distributing)

Awards Methodology

The awards methodology and guidelines for the Refinitiv Lipper Fund Awards 2020 are provided below:

Criteria (Cumulative)

Funds registered for sale in the respective country as of the end of the calendar year of the respective evaluation year.

At least 36 months of performance history as of the end of the calendar year of the respective evaluation year.

Lipper® Global Classifications with at least 10 distinct portfolios based on the primary share class definition, excluding residual classifications; institutional and other non-retail funds; private, closed-end, exchange-traded, insurance and linked funds.

Asset classes: equity, bond, mixed-asset, commodity and alternatives. Absolute Return funds screen over all asset types except real estate.

Fund Classification Awards

The currency for the calculation corresponds to the currency of the country for which the awards are calculated and relies on monthly data. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60 and 120 months. The highest Lipper Leader® for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five or 10 years. For a detailed explanation, please review the Lipper Leader methodology document.

Asset Class Group Awards

Asset class group awards will be given to the best large and small groups separately. Large fund family groups with at least five equity, five bond or three mixed-asset portfolios in the respective asset classes are eligible for a group award. Small fund family groups will need to have at least three distinct portfolios in one of the asset classes – equity, bond or mixed-asset. The lowest average decile rank of the three years’ Consistent Return measure of the eligible funds per asset class and group will determine the asset class group award winner over the three-year period. In cases of identical results, the lower average percentile rank will determine the winner.

Overall Group Award

An overall group award will be given to the best large and small group separately. Large fund family groups with at least five equity, five bond and three mixed-asset portfolios are eligible for an overall group award. Small fund family groups will need to have at least three equity, three bond and three mixed-asset portfolios. An overall group award will be given to the group with the lowest average decile ranking of its respective asset class results based on the methodology described above. In cases of identical results, the lower average percentile rank will determine the winner. No asset class and/or overall group awards are handed out if there are less than three competing companies. Asset class and overall group awards are given to the company that is responsible for establishing the fund by appointing the fund management company, and promoting and/or distributing the fund, the brand of the fund and the product range. This company is also referred to as promoter or sponsor company.

Specific Methodology Issues for Asia

Because of the small market size, the Asian countries will not make a distinction between large and small groups for the single asset class and overall group awards.

To be eligible for an asset class group award, the groups will need to have at least three distinct portfolios in one of the asset classes: equity, bond or mixed-asset.

To be eligible for an overall group award, the groups will need to have at least three equity, three bond and three mixed asset funds.

Classification awards will be handed out to classifications with at least five distinct portfolios.

Hong Kong: The awards are based on the Hong Kong primary share class definition. Additional classification and group awards will be handed out to Hong Kong pension funds (MPF). The Hong Kong pension funds universe is including linked funds.

India: Funds with less than 5 million USD assets under management are excluded from the eligible universe.

Japan: Funds within the Japanese ITA Broad classifications Bond Open, Bond Spot and Equity Spot are excluded from the eligible universe. Additional classification awards will be handed out to Japan DC funds.

Malaysia: The regular universe excludes Islamic Funds and Employees’ Provident Funds (EPF). Separate classification and group awards will be handed out to Islamic-flagged Sharia compliant funds and to Employees’ Provident Funds within classifications meeting the aforementioned criteria.

Singapore: Funds flagged Singapore Sophisticated Fund are excluded from the eligible universe. The awards are based on the Singapore primary share class definition.

Taiwan: The awards are based on the Taiwan primary share class definition.

Japan, Hong Kong Mutual Funds, Singapore, Taiwan: Classification awards will be handed out to classifications with at least 10 distinct portfolios. Fund groups with at least five equity, five bond or three mixed-asset portfolios in the respective asset classes are eligible for a group award. To be eligible for an overall group award, the groups will need to have at least five equity, five bond and three mixed-asset funds.

Disclaimer
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

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