Goldman Sachs Asset Management has retained its Overall Large Group accolade in this year’s Refinitiv Lipper Fund Awards for Europe, the results of which were revealed today. Luxembourg-based NEF won the corresponding Overall Small Group award – also for the second year in succession.
France based Groupama and Chahine Capital of Luxembourg picked up the two big equity prizes – respectively for Large Equity Group and Small Equity Group – while Russell Investments and OFI Asset Management, another France-based operation, were respectively judged Large Bonds Group and Small Bonds Group. Completing the company awards, Credit Suisse won Large Mixed Asset Group while the Small Mixed Asset Group accolade went to Swiss Rock.
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Among funds to win individual awards for their showing over three years were NB Euro Bond (Bond EUR), AXA WF Euro Credit Total Return (Bond EUR Corporates), Base Investments Bonds Value (Bond Global EUR), DNCA Invest – SRI Norden Europe (Equity Europe), RobecoSAM Smart Mobility Equities (Equity Global) and ACATIS Datini Valueflex Fonds (Mixed Asset EUR Flex – Global).
The winners of the 20 largest award classifications by assets under management (AUM) on a three-year timeframe can be viewed in the table below. You can find all the winners of the 2022 Refinitiv Lipper Fund Awards here
Objectivity and rigour
In total, some 275 funds won individual awards across three, five and 10-year timeframes. “Objectivity and rigour are vital in an industry that is saturated with accolades,” said Detlef Glow, Refinitiv Lipper’s head of research, Europe, Middle East and Africa.
“These fund awards are unique in that they are the only ones based entirely on objective, quantitative criteria, recognising exceptional outperformance on a risk-adjusted basis relative to a fund’s peers. There is no bias and no nomination process. Each award is based entirely on quantitative analysis.”
Refinitiv Lipper has now been running its fund awards for three decades, in that time extending its coverage to nearly 20 major markets around the world. The process is underpinned by Refinitiv Lipper’s fund data and proprietary quantitative methodology.
The universe for the awards is made up of UCITS funds from across the asset classes: equity, bond, mixed-asset, commodity and alternatives. To be eligible, funds must demonstrate a minimum of three years’ performance history and be registered for sale in at least three out of 31 European countries, composed of the 27 EU member state countries and the four EFTA countries.
“To ensure we compare like with like, we classify funds by type, asset class, country, currency, term and more,” said Glow. “Each fund award is based on one of our granular and clearly defined Lipper Global Classifications.
“The group awards, meanwhile, are won by those fund providers who have scored the highest across their fund ranges in each asset class, and overall. We recognise excellence both in large providers and small, so that the skill demonstrated in the latter is not swamped by the larger providers. Taken together, this allows investors to make like-for-like comparisons between funds that share meaningful characteristics.”
Refinitiv Lipper Fund Awards 2022 – 20 largest award classifications, over three years, by AUM
|Bond EUR||NB Euro Bond A Dis||Novo Banco||72|
|Bond EUR Corporates||AXA WF Euro Credit Total Return A EUR Cap||AXA Investment Managers||91|
|Bond EUR Short Term||Carmignac Pfl Securite AW EUR acc||Carmignac||59|
|Bond Global EUR||Base Investments Bonds Value EUR Dis||Banca del Sempione||147|
|Bond Global USD||Aegon Strategic Global Bond A Acc USD||Aegon Asset Management||131|
|Equity Asia Pacific ex Japan||New Capital Asia Future Leaders USD O Acc||EFG||117|
|Equity China||Allianz China A-Shares AT-USD||Allianz Global Investors||63|
|Equity Emerging Mkts Global||OekoWorld Growing Markets 2.0 C||OekoWorld||212|
|Equity Europe||DNCA Invest – SRI Norden Europe A EUR||DNCA Investments||289|
|Equity Europe Sm&Mid Cap||Berenberg European Small Cap R||Berenberg||102|
|Equity EuroZone||Berenberg Eurozone Focus Fund R||Berenberg||97|
|Equity Germany||DWS Concept Platow LC||DWS||21|
|Equity Global||RobecoSAM Smart Mobility Equities D EUR||Robeco||585|
|Equity Sector Healthcare||Fondita Healthcare B||Fondita||50|
|Equity Sector Information Tech||JPM US Technology A Dis USD||JPMorgan||47|
|Equity Sweden||ODIN Sverige C||ODIN||13|
|Equity US||JPM US Growth A Dis USD||JPMorgan||220|
|Mixed Asset EUR Bal – Global||BGF ESG Multi-Asset A2 EUR||BlackRock||138|
|Mixed Asset EUR Cons – Global||Assenagon I Multi Asset Conservative P EUR||Assenagon||102|
|Mixed Asset EUR Flex – Global||ACATIS Datini Valueflex Fonds B||Acatis||223|
Note: ‘Fund count’ refers to the number of funds under consideration for a particular award classification. Source: Refinitiv Lipper