Investment research firm Morningstar is set to announce the winners of the 2023 Morningstar Awards for Excellence in Investing in Luxembourg.
A total of 12 funds were nominated in the categories global equity fund, best Europe equity fund, best Euro bond fund and best Euro allocation fund. Morningstar also has selected six nominees for its Best Asset Manager and its Best Asset Manager Sustainable Finance awards.
The winners will be announced at a Luxembourg ceremony on Wednesday evening at 20:30 local time.
Funds managed by Cartesio, Ruffer, DWS, Candriam, Schroders, Robeco, M&G, Magallanes, BlackRock, GuardCap and Robeco have been nominated for the category awards. Robeco and Schroders have been nominated twice in this section.
For the Morningstar Best Asset Manager awards, Robeco also was nominated twice, along with Vanguard, J O Hambro, BNP Paribas and Candriam.
“These awards recognise funds and asset managers that have served investors well and which Morningstar’s Manager Research team believes will be able to deliver strong risk-adjusted returns in the longer term,” said Jeffrey Schumacher, director of manager research EMEA at Morningstar. “Based on Morningstar’s forward-looking ratings for funds, the Morningstar manager research team carefully decides the finalists across individual fund markets.”
Methodology
The methodology for the awards is determined through a combination of risk-adjusted medium- to long-term performance track records and Morningstar’s forward-looking rating for funds, the Morningstar Analyst Rating, complemented by the Morningstar Quantitative Rating, known as MQR, when necessary.
The MQR is a quantitative rating that seeks to emulate the Analyst Rating and uses the same Gold, Silver, Bronze, Neutral, Negative scale as the former. The Morningstar Asset Manager – Sustainable Investing Awards are determined by a combination of Morningstar’s ESG Commitment Level for asset managers, along with Morningstar’s sustainability metrics for funds and Manager Research analysts’ knowledge of the fund groups they assess in the context of the Morningstar Analyst Rating for funds.
Last year, Capital Group and Impax were the asset management firms that won the 2022 Morningstar Luxembourg awards. Funds managed by Fundsmith, Comgest, BlueBay and Capital Group won individual Morningstar awards in 2022.
The nominees for the 2023 Morningstar Awards for Investing Excellence Luxembourg are:
