Morningstar Fund Awards (Singapore) 2010 has come to a successful end.
Editorial & Research Team, Morningstar Asia Ltd.
2011-03-22
The result of Fund Awards (Singapore) 2010 has been announced on 21 March 2010. There are total of 12 awards to recognize the outstanding funds in 2010, nine to equity funds and three awards to fixed income portfolios.
To echo the enhancement of the Morningstar category system took place in October 2010, as well as to gratify the distinctive investment sentiments of Asian investors, the inaugural Asia ex-Japan Award is simultaneously introduced to this year’s event. We believe this can promote a better comparison of funds among similar peers. To further cater to the Singapore market, the Singapore Equity Award is also introduced for this year.
Looking back at 2010, the markets were good to mutual funds, as most managers continued to recoup the losses they incurred between 2007 and early 2009. Growth styles outperformed value, whilst small-cap stocks generally outpaced large-cap names.
The winning funds have passed our stringent qualitative and quantitative selection criteria, which we’ve developed to help identify funds that put investors first. Fund performance in the past year is not the only selection criteria for the Morningstar Singapore Fund Awards. In addition to one-year performance, Morningstar also evaluates each fund’s risk-adjusted returns over a longer period. Morningstar looks for managers who outperformed in 2010 on the heels of much lengthier successes, and measures this success by observing trailing performance along with an emphasis on the fund’s ability to protect investors from downside risks over time.
Moreover, the stability of the fund’s management team and the consistency of investment strategy are also essential factors. Above all, fund managers should be dedicated to investors.
Lastly, we would like to congratulate and commend the winners of the Fund Awards (Singapore) 2010 for their exceptional performance to clinch these accolades. As we observed, the common formula for this year’s winners is well-tenured managers consistently applying a highly disciplined investment process that clearly withstood the trial of time.
The winners of the 2010 Morningstar Singapore Fund Awards are:
EQUITY | FUND |
Singapore Equity | Fidelity Funds - Singapore Fund |
Asia-Pacific Equity | Aberdeen Pacific Equity Fund |
Asia ex-Japan Equity | First State Asian Growth Fund |
Greater China Equity | First State Regional China Fund |
Japan Large-Cap Equity | Fidelity Funds - Japan Advantage Fund |
Global Large-Cap Equity | FTIF - Franklin Mutual Global Discovery Fund |
US Large-Cap Equity | ING (L) Invest US High Dividend Equity Fund |
Europe Large-Cap Equity | FTIF - Franklin Mutual European Fund |
Emerging Markets Equity | First State GEM Leaders |
FIXED INCOME | FUND |
Asia Bond | Fullerton Short Term Interest Rate Fund |
Global Bond | FTIF - Templeton Global Bond Fund |
High Yield Bond | Fidelity Funds - US High Yield Fund |
For official methodology, please click here.
hkresearch2@morningstar.com
