Bangkok--26 Mar--Morningstar
Morningstar Research (Thailand) Ltd., a subsidiary of independent investment research firm Morningstar, Inc. (NASDAQ: MORN), today announced the winners for its fourth annual Morningstar Thailand Fund Awards.
The Morningstar Thailand Fund Awards 2013 recognize retail funds and fund groups that added the most value for investors within the context of their relevant peer group in the past year and over the longer term. Winners are selected using a quantitative methodology with a qualitative overlay developed by Morningstar that considers the five-year performance history of all eligible funds, and adjusts returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.
“This year, Morningstar introduced a new award, Long Term Equity and Retirement Mutual Fund Awards, to acknowledge the local long term investment products, LTF & RMF funds, which have attracted increasing interest from investors and grown their assets under management in recent years” said Peet Yongvanich, managing direct of Morningstar Research (Thailand) Ltd.
The winners of the Morningstar Thailand Fund Awards 2013 are:
Morningstar Category Awards
Category Fund Share Class Winner
ThailandEquity Large Cap Bualuang Top-Ten Fund
ThailandEquity General AberdeenSmall Cap Fund
ThailandMid/Long Term Bond Krungsri Medium Term Fixed Income Fund
ThailandShort Term Bond MFC Smart Fixed Income Fund
Long Term Equity and Retirement Mutual Fund Awards
Category Fund Share Class Winner
Long Term Equity Fund Bualuang Long - Term Equity Fund
Retirement Mutual Fund — Equity AberdeenSmart Capital Retirement Mutual Fund
Retirement Mutual Fund — Fixed Income NASSET General Fixed Income Retirement Mutual Fund
The Morningstar Thailand Fund Awards are based on Morningstar fund data for the period of 1st January 2008 to 31st December 2012. For more information about the awards and the methodology, please visit http://awards.morningstar.com/.
References to and commentary on the above mentioned mutual funds should not be considered a solicitation to buy or sell that fund.