Bangkok--21 Mar--Morningstar
Morningstar Research (Thailand) Ltd., a subsidiary of independent investment research provider Morningstar, Inc. (NASDAQ: MORN), has announced the winning funds and fund houses for its 2016 Thailand Fund Awards.
The annual Thailand Fund Awards recognize retail funds and fund houses that added the most value for investors within the context of their relevant peer group in 2015 and over the longer term. Winners are selected using a quantitative methodology with a qualitative overlay developed by Morningstar that considers the one-, three-, and five-year performance history of all eligible funds. Morningstar adjusts the 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.
"All of our winners delivered strong three- and five-year returns after adjusting for risk, in addition to outperformance of their peers during the last 12 months," Anthony Serhan, Morningstar's Managing Director of Research Strategy for Asia Pacific, said. "These funds and fund houses have demonstrated that they have the ability to earn strong returns over the long term without undue risk. We believe that taking a patient, long-term view to investing will ultimately help investors reach their financial goals."