Etica Obbligazionario Misto and Etica Bilanciato win Best Fund Over 10 Years award in the CFS Rating best 300 funds yearbook.
Best Fund Over 10 Years
Each year the financial analyst CFS Rating publishes its annual guide to the 300 best mutual funds. The “Over 10 Years” section in the yearbook covers the companies that manage investors’ assets most successfully over the long term, identifying products and firms that have achieved satisfactory results over the last 10 years.
An efficiency indicator was created for this purpose that uses the Modified Sharpe Ratio to give a rating over a longer time horizon. The indicator measures the returns for each point of volatility, or risk, net of inflation.
10-year results for Etica Obbligazionario Misto and Etica Bilanciato
Once again this year Etica Sgr appears in the yearbook. Etica Obbligazionario Misto and Etica Bilanciato were judged the Best Funds Over 10 years in the Mixed and Balanced – Equity-Oriented categories as the most efficient funds in the over 10-year class available in Italy.
The funds’ success reflects the strong long-term growth in assets under management and the average annual return over the last 10 years. In particular:
- Etica Obbligazionario Misto recorded an average 10-year annual return (calculated to the end of 2018) of 3.3%, beating the Fideuram index for the period which measures the average performance of Italian funds in the same Assogestioni category (Mixed);
- Etica Bilanciato recorded an average 10-year annual return (calculated to the end of 2018) of 8.17%, beating the Fideuram index for the period which measures the average performance of Italian funds in the same Assogestioni category (Balanced).
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CFS Rating Methodology
To find the Best Fund Over 10 Years each fund is assessed within a specific category, with particular focus on retail funds with a 4 or 5 star rating on 31 December 2018.
The stars are attributed to the fund primarily on the basis of two indicators:
- Sharpe ratio (risk/return ratio)
- Alpha (ability to systematically outperform the benchmark).
Other factors taken into consideration:
- Persistence of results
- Overall performance in the last year
- Level of efficiency over five years
- Capacity to limit investment risk
- Distinctiveness of the management philosophy
For more information on the rating criteria please visit the CFS Rating website.
This is a marketing communication. The data and information contained herein are provided for information purposes only and do not constitute investment recommendations. This communication is not, and may not be regarded as, an information document required under applicable legislation, and its content is not sufficient to form the basis of an investment decision.
This communication does not take into account in any way the characteristics of any person who may receive or become aware of it. In particular, it does not take into account their investment objectives, knowledge and experience in investment matters, risk appetite and/or any other characteristics, including the applicable tax regime.
Past performance is not indicative of future results, and investments in funds are subject to risks relating to the underlying assets, which may affect the value of the relevant units. Etica SGR provides no guarantee of returns and does not guarantee the repayment of the capital invested. The SGR accepts no liability for any losses that may arise from the use of the information provided in this communication.
In order to make an informed investment decision, before making any final investment decision, investors should consult the Key Information Document (KID) and the funds’ Prospectus available at www.eticasgr.com.
The placement of the “Linea Valori Responsabili” and “Linea Futuri Responsabili” funds is only available in Italy. For further information, please refer to the Italian version of the website.
