Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Home / 347

2020 Morningstar Fund Manager of the Year awards

A global investment manager known for its high-quality portfolio managers, in-depth research and impressive line-up of strategies has been awarded Morningstar's Fund Manager of the Year.

Fidelity International (pictured), which invests $482.8 billion on behalf of investors globally, took home the top honour at an award ceremony on Friday surrounded by Sydney's investment management community.

Fidelity International director of research Viral Patel thanked his team and clients for their ongoing support and trust.

"On behalf of the Johnson family, who for fifty years steadfastly made sure that their support for making money for our clients has been absolute. On behalf of Paul Taylor, who founded our Australian office and is a legendary investor. On behalf of a good global collaborative investment platform that helps hat-trick winners like James. And on behalf of all employees. In the presence of great fund managers, we humbly and gratefully accept this award," he said.

Fidelity was a stand-out choice for this years' award due to its impressive line-up of strategies that consistently outperform peers and indices across multiple asset classes, said Aman Ramrakha, Morningstar director of manager research ratings, Asia Pacific.

"Harnessing the scale of a manager this size can be challenging, but Fidelity has proven to be a reliable choice for Australian investors in 2019," he said.

Fidelity Future Leader portfolio manager James Abela also nabbed the award for Fund Manager of the Year: Domestic Equities - Small Cap for the third year in a row, owing to outstanding long-term outperformance.

"We wouldn't do this if we didn't love it," Abela said in the acceptance of the award. "For what we do for our clients, what we do for the industry. It is our life's work. It's decades of work. May we always love it and continue to do it for many years to come."

Fidelity International is known by Australian investors for its wide range of funds including the Australian Equities fund, overseen by Paul Taylor, and Kate Howitt's Australian Opportunities Fund.

Fidelity has also joined a growing list of Australian asset managers launching active ETF strategies, having listed an ASX-listed clone of the Fidelity Global Emerging Markets fund (FEMX) in 2018, overseen by Alex Duffy.

The award for Global Equities went to Franklin Global Growth, while Hyperion Asset Management was named top of the class in the Domestic Equities - Large Cap category. Silver-rated Hyperion Australian Growth Companies was the top returning large-cap Aussie equity fund (under coverage) in 2019, returning 33.66 per cent.

Award finalists and winners are determined by a combination of qualitative research by Morningstar's manager research analysts; risk-adjusted medium- to long-term performance track records; and performance in the 2019 calendar year.

To receive the overall Fund Manager of the Year award, a fund manager must have offered products in multiple award categories or delivered an outstanding outcome for investors.

The event, which coincided with the end of half-year reporting season, was well attended by over 150 investment managers.

Morningstar Australia Awards winners by category

Overall Fund Manager of the Year

  • Fidelity International - Winner
  • Hyperion Asset Management
  • Western Asset Management

Fund Manager of the Year: Undiscovered Manager

  • GAM Systematic Alternative Risk Premia - Winner
  • GQG Partners
  • Legg Mason Western Asset Global Bond

Fund Manager of the Year: Domestic Equities - Large Cap

  • Hyperion Asset Management - Winner
  • Greencape Capital
  • Platypus Asset Management

Fund Manager of the Year: Domestic Equities - Small Caps

  • Fidelity International - Winner
  • First Sentier Investors
  • Hyperion Asset Management

Fund Manager of the Year: Fixed Interest

  • Legg Mason Western Asset – Winner
  • Colonial First State FirstChoice Investments
  • PIMCO Australia

Fund Manager of the Year: Global Equities

  • Franklin Global Growth - Winner
  • VanEck Vectors QUAL
  • Zurich Global Growth (American Century Investments)

Fund Manager of the Year: Listed Property & Infrastructure

  • Pendal Group - Winner
  • Cromwell Property Group
  • Magellan Global Infrastructure

Fund Manager of the Year: Multisector

  • Vanguard Investments Australia - Winner
  • Advance Asset Management
  • AustralianSuper

 

Emma Rapaport is the editor of Morningstar.com.au


Try Morningstar Premium for free


 


 

Leave a Comment:

     

RELATED ARTICLES

Too big to perform? The importance of limiting capacity

Interview on new technologies with more potential to grow

Conexus sees conflict in fund manager awards

banner

Most viewed in recent weeks

Welcome to Firstlinks Edition 383

One of the downsides of Donald Trump commanding the headlines is that we skim over other significant issues. For example, few Australians read the China Daily News or coverage of its contents, missing official statements that are terrifying hundreds of Australian producers. China says Australia will 'pay tremendously' for its recent lack of respect.

  • 12 November 2020

Five ways the Retirement Review points to new policies

The Retirement Income Review goes much further than an innocent-sounding 'fact base', and is sure to guide policies in the run up to the next election. It will change how we think about retirement incomes.

Graeme Shaw on why investing is at a pivotal moment

Company profits have not improved for many years but higher valuations have been driven by falling rates and excess liquidity. Conditions do not suit a value and contrarian manager but here are some opportunities.

Retirement Review gives strong views on hoarding of super

The Review includes some profound findings, most notable that retirement income should include drawing down far more capital. Expect post-retirement products to proliferate under a Retirement Income Covenant.

11 key findings on retirement dreams during the pandemic

A mid-pandemic survey of over 1,000 people near or in retirement found three in four are not confident how long their money will last. Only 18% felt their money was safe during a strong economic downturn.

Bank scorecard 2020: when will the mojo return?

Banks severely cut dividends in 2020 but are expected to improve payments in 2021. History provides clues to when the banks will return to their 2019 levels of profitability, but who is positioned the best?

Latest Updates

Retirement

Five ways the Retirement Review points to new policies

The Retirement Income Review goes much further than an innocent-sounding 'fact base', and is sure to guide policies in the run up to the next election. It will change how we think about retirement incomes.

Property

Steve Bennett on investing in direct property for the long term

As people stayed home during the pandemic, a bearish view swept over most property sectors, but many have thrived and prices have recovered rapidly. The best opportunities are in long leases with quality tenants.

Retirement

Retirement Review gives strong views on hoarding of super

The Review includes some profound findings, most notable that retirement income should include drawing down far more capital. Expect post-retirement products to proliferate under a Retirement Income Covenant.

Superannuation

Paul Keating on why super relies on “not draining the bath”

Paul Keating is the champion of compulsory superannuation as the central means of funding retirement. In the wake of the Retirement Income Review, he is at his passionate best defending the system, with Leigh Sales.

Latest from Morningstar

Is your portfolio too heavy on technology stocks?

Investors with heavy allocations to a broad US index should check how much is exposed to tech stocks, especially when valuations look a bit steep. It might be time to reallocate to other sectors or styles.

Investment strategies

Beware of burning down the barn to bury the debt

At some point, policymakers will turn to the task of deleveraging, to work off massive debt burdens built up during the pandemic. Australia is already ticking the boxes on many policies used in the past.

Superannuation

New bankruptcy rules may have a domino impact on SMSF pensions

During COVID, bankruptcy rules have allowed small businesses to trade while insolvent. It may mean an SMSF is hit by the collapse of a business leaving trustees struggling to meet their own legal obligations.

Sponsors

Alliances

© 2020 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use.
Any general advice or class service prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, has been prepared by without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.