Opportunity Fund wins at Morningstar Awards

Opportunity Fund wins at Morningstar Awards

By Nedgroup Investments, 02 Mar 2017

Nedgroup Investments funds achieved top honours again at the annual Morningstar Awards presentation held in Cape Town on Wednesday.

The Nedgroup Investment Opportunity Fund won the award for Best Moderate Allocation Fund. The Nedgroup Investments Opportunity Fund, managed by ABAX Investments was established in June 2011 and recently celebrated its 5th anniversary. The fund has delivered a return of 13.0% p.a. since inception to January 2017 - and has also achieved its objective of not losing money over any 12 month rolling period.

Rather than just recognising the top performers, Morningstar gives awards to those funds that have delivered the best risk-adjusted performance over one, three and five year periods. In addition, when measuring risk, Morningstar penalises downside variation more than upside volatility – therefore identifying the funds that add the most value for investors.

In other awards, The Nedgroup Investments Bravata Worlwide Flexible Fund was runner-up in the Best Flexible Asset Allocation category. Nedgroup Investments was also named the runner-up in the category for Best Fund House – Larger Fund House – an accolade that Head of Nedgroup Investments, Nic Andrew says is a real endorsement of the Best of breed™ philosophy where Nedgroup Investments identify and partner with exceptional independent managers who they believe have a sustainable edge.

“We are delighted to be the runner-up in the Best Fund House: Larger Range category. It is also very pleasing to note that, apart from ourselves, of the five other finalists in the “Best House” category, three of them are our Best of breed™ partners, namely Truffle, Foord and Prudential. We consider these new awards further confirmation that our philosophy to pick the best managers is delivering value for our clients,” he says.

“Our number one objective is to deliver good long-term performance to our clients so we are very proud of these and the recent Raging Bull awards where six individual funds won awards as well as winning Best Offshore Manager for the second year in a row and top three South African Fund Manager for the 8th consecutive year in a row. However, our focus remains on continuing to add value for our clients and we are committed to delivering good long-term performance going forward,” says Andrew.

For more information about the Nedgroup Investments Opportunity Fund, click here.

For more information about all of our funds click here.

 

You have been subscribed to our newsletter