Posted inNORDICS

Revealed: All the winners of the 2022 Nordics Refinitiv Lipper Fund Awards

Goldman Sachs Asset Management has retained its Overall Large Group accolade in this year’s Refinitiv Lipper Fund Awards for the Nordics region, the results of which were revealed today. Sweden-based Öhman won the corresponding Overall Small Group award.

PGIM won both the Small Equity Group and Small Bonds Group awards, while Switzerland-based Union Bancaire Privée and Denmark-based Nykredit Invest respectively picked up the prizes for Large Equity Group and Large Bonds Group. Completing the company awards, GAM won Large Mixed Asset Group while the Small Mixed Asset Group accolade went to Finland-based Alexandria.

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Among funds to win individual awards for their showing over three years were AXA WF Euro Credit Total Return (Bond EUR Corporates), Morgan Stanley INVF Europe Opportunity (Equity Europe), Swedbank Robur Fokus (Equity Global), PGIM Jennison Emerging Markets Equity (Equity Emerging Markets Global) and Alexandria Tasapainoinen (Mixed Asset EUR Bal – 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, almost 240 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 these awards is comprised of mutual 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. In contrast to the single-country awards, where all funds from the eligible asset classes with a sales registration in the respective country are taken into consideration, the fund universe for the Nordics awards is composed of all mutual funds with a sales registration in at least one country out of Denmark, Finland, Norway and Sweden.

“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 – Nordics region: 20 largest award classifications, over three years, by AUM

AwardFundProvider Fund count
Bond DKKNykredit Engros Obligationer Akk PortefoljeplejeKLNykredit Invest59
Bond EUR CorporatesAXA WF Euro Credit Total Return A EUR CapAXA Investment Managers60
Bond EUR Short TermCarmignac Pfl Securite AW EUR accCarmignac35
Bond NOKEika KredittEika40
Bond SEKIKC Avkastningsfond AIKC Fonder61
Equity Emerging Mkts GlobalPGIM Jennison Emerging Markets Equity USD A AccPGIM Investments185
Equity EuropeMS INVF Europe Opportunity A EURMorgan Stanley200
Equity GlobalSwedbank Robur FokusSwedbank490
Equity NordicLannebo Norden Hallbar ALannebo44
Equity Nordic Small and Mid-CapAktia Nordic Micro Cap BAktia18
Equity NorwayDanske Invest Norge VekstDanske Invest42
Equity Sector Information TechJPM US Technology A Dis USDJPMorgan39
Equity SwedenSpiltan Aktiefond SmalandSpiltan Fonder73
Equity Sweden Sm&Mid CapEnter Smabolagsfond AEnter23
Equity USSparinvest INDEX USA Growth KLSparinvest175
Mixed Asset EUR Bal – GlobalAlexandria Tasapainoinen BAlexandria60
Mixed Asset EUR Cons – GlobalDanske Invest Alloc Basic 35 Class WADanske Invest34
Mixed Asset SEK AggressiveLansforsakringar Bekvam Fond Potential ALansforsakringar22
Mixed Asset SEK BalancedHandelsbanken Stiftelsefond (B1 SEK)Handelsbanken34
Mixed Asset SEK ConservativeLararfond 59+Ohman18

Note: ‘Fund count’ refers to the number of funds under consideration for a particular award classification. Source: Refinitiv Lipper

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