Coro­na­tion still wears top man­ager crown

Weekend Argus (Saturday Edition) - - PERSONALFINANCE - LAURA DU PREEZ

Coro­na­tion claimed the ti­tle of the top man­ager of do­mes­tic funds in this quar­ter’s PlexCrown sur­vey – the third time in a row that it has been ranked num­ber one.

Six­teen man­agers of col­lec­tive in­vest­ments qual­i­fied for an over­all rat­ing based on the risk-ad­justed per­for­mance of most of their funds for pe­ri­ods of up to five years to June 30.

The PlexCrown sur­vey de­ter­mines the lead­ing fund man­ager on the ba­sis of the PlexCrown rat­ings, which mea­sure risk-ad­justed per­for­mance and the con­sis­tency of that per­for­mance over five years.

The sur­vey de­ter­mines a man­ager’s strengths in var­i­ous broad unit trust cat­e­gories.

Coro­na­tion achieved an over­all rat­ing of 4.657 out of a max­i­mum of five PlexCrowns.

The as­set man­ager was ranked third rel­a­tive to its peers in three broad cat­e­gories in which man­agers’ unit trust funds in­vest in the South African fi­nan­cial mar­kets: eq­uity and real es­tate, in­ter­est- bear­ing and in­come, and multi-as­set.

Coro­na­tion shared fifth place with Absa and Mar­riott in the rank­ings for the man­age­ment of funds in the global and world­wide cat­e­gories.

Coro­na­tion has 19 funds that qual­ify for PlexCrown rat­ings. Seven of its funds each achieved the high­est rat­ing of five PlexCrowns: the Eq­uity Fund, the In­dus­trial Fund, the Prop­erty Eq­uity Fund, the Bal­anced De­fen­sive Fund, the Bal­anced Plus Fund, the Cap­i­tal Plus Fund and the Strate­gic In­come Fund.

Four of Coro­na­tion’s funds were ranked top in their re­spec­tive sub­cat­e­gories, while 16 of the 19 funds, or 84 per­cent of the com­pany’s rated funds, achieved an above-aver­age rat­ing of four or more PlexCrowns.

Al­lan Gray was placed sec­ond in the over­all rank­ing of man­agers. It achieved an aver­age score of 4.523 out of a max­i­mum of five PlexCrowns.

Al­lan Gray has seven funds that qual­ify for PlexCrown rat­ings. Four of its funds achieved five PlexCrowns each: the Bal­anced Fund, the Bond Fund, the Or­bis Global Eq­uity Feeder Fund and the Or­bis Global Fund of Funds. Three of th­ese four funds were placed first in their re­spec­tive unit trust cat­e­gories.

Al­lan Gray achieved the sec­ond­high­est rat­ing among its peers for the man­age­ment of funds that in­vest in South African mar­kets.

The in­vest­ment house shared first place with Cadiz in the broad South African in­ter­est-bear­ing and in­come cat­e­gory, and in the global and world­wide cat­e­gory, Al­lan Gray shared the lead with Old Mu­tual and Re­gard­ing Cap­i­tal Man­age­ment.

Al­lan Gray was placed fifth out of 77 man­agers in the South African multi- as­set ( ex­clud­ing multi- as­set in­come) cat­e­gory. It shared sixth po­si­tion in the South African eq­uity and real es­tate cat­e­gory with Metropoli­tan Col­lec­tive In­vest­ments, Per­sonal Trust and Sa­trix.

Ned­group In­vest­ments edged out PSG to take third spot over­all, with a rat­ing of 4.152 PlexCrowns.

Ned­group ob­tained the third­high­est rat­ing among its peers for the

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.