Morningstar Fund Awards 2019: Etica Obbligazionario Misto R wins award in the Euro Allocation category.
The award is given to the funds that have created value for investors, not just in 2018, but over at least a five-year time horizon. Morningstar’s objective is to recognise those funds that generate performance over the longer-term and at the same time manage investment risk.
The Morningstar Fund Awards are based on a rigorous quantitative and qualitative methodology applied in all European and Asian countries in which Morningstar is present and is designed to recognise excellent asset management over a medium-long term horizon.
Morningstar Fund Awards
The 13th awards ceremony took place on 28 March 2019 at the Circolo Filologico Milanese in Milan.
Awards were announced for the winners in the Italy Equity, Europe Equity and Global Equity categories, the best Fixed Income and Allocation funds and the best Equity, Fixed Income and Overall fund house.
-
Morningstar Fund Awards Methodology
The Morningstar Fund Awards are given to the funds that outperform in delivering strong long-term results. The analysts reward the best risk-adjusted performance over the last one-year period but also the last three and five years. To be eligible for the Morningstar Fund Awards, the funds must be available to retail investors in Italy and belong to the following Morningstar categories.
Equity
• Italy Equity;
• Europe Equity (Europe Large-Cap Value, Europe Large-Cap Blend, Europe Large-Cap Growth, Europe Flex-Cap, Europe Equity Income);
• Global Equity (Global Large-Cap Value, Global Large-Cap Blend, Global Large-Cap Growth, Global Flex-Cap, Global Equity Income).Fixed Interest
• EUR Bond (EUR Corporate Bond, EUR Diversified Bond, EUR Government Bond).
Allocation
• Euro Allocation (EUR Cautious Allocation, EUR Moderate Allocation, EUR Aggressive Allocation, EUR Flexible Allocation, EUR Cautious Allocation – Global, EUR Moderate Allocation – Global, EUR Aggressive Allocation – Global, EUR Flexible Allocation – Global).
Morningstar Fund Awards – Quantitative and Qualitative Aspects
The first aspect taken into consideration by the Morningstar Fund Awards is transparency. Only funds that regularly report their portfolio data, in particular at least four complete portfolios between 1 September 2017 and 31 December 2018 are eligible for an award.
Secondly the analysts look at risk-adjusted performance. 80% of the overall score depends on the return (greater weight being given to 3-year and 5-year performance) and the remaining 20% on risk.
Among the most important qualitative elements are continuity of management and the fund’s stated mandate: any fund that is deemed to have deviated from its stated mandate will be excluded.
For further information see the document: International Fund Awards Methodology
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.
