Posted inEurope

Revealed: Winners of 2021 Europe Refinitiv Lipper Fund Awards

Goldman Sachs Asset Management has received the 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.

Columbia Threadneedle Investments and Berenberg picked up the two big equity prizes – respectively for Large Equity Group and Small Equity Group – while Russell Investments and Mirova were respectively judged Large Bonds Group and Small Bonds Group. Completing the company awards, Carmignac won Large Mixed Asset Group while the Small Mixed Asset Group accolade went to the team at Alpina Funds.

Among funds to win individual awards for their showing over three years were NB Euro Bond (Bond EUR), BlueBay Investment Grade Bond (Bond EUR Corporates), DPAM L Bonds Uni Unconstrained (Bond Global EUR), Morgan Stanley INVF Europe Opportunity (Equity Europe), Morgan Stanley INVF Global Advantage (Equity Global) and M&W Invest: M&W Capital (Mixed Asset EUR Flex – Global).

In total, some 270 funds won individual awards across three, five and 10-year timeframes and 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 also view all the winners of the 2021 Refinitiv Lipper Fund Awards here.

Risk-adjusted performance

 “In a year where market volatility reached record levels and business and operational models were completely upended, recipients of the 2021 Refinitiv Lipper Fund Awards for Europe deserve a special mention for their resilience to myriad market risks – not to mention commendation for their vision, innovation and mastery of today’s rapidly evolving financial markets,” said the group’s head of Emea research Detlef Glow.

“The 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 entirely data-derived.”

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 all together, this allows investors to make like-for-like comparisons between funds that share meaningful characteristics.”

Lipper Fund Awards 2021 – 20 largest award classifications, over three years, by AUM

Award classificationFund NameFund AdviserFund Count
Bond EURNB Euro Bond A DisGNB – Sociedade Gestora de Patrimonios66
Bond EUR CorporatesBlueBay Investment Grade Bond R EURBlueBay AM80
Bond EUR Short TermCarmignac Pfl Securite A EUR accCarmignac Gestion54
Bond Global EURDPAM L Bonds Uni Unconstrained B EUR CapDegroof Petercam AM156
Bond Global USDAegon Strategic Global Bond A Acc USDAegon Asset Management122
Bond USD High YieldAXA WF US Dynamic High Yield Bonds A USD CAXA IM60
Equity Asia Pacific ex JapanMorgan Stanley Asia Opportunity A USDMorgan Stanley IM135
Equity ChinaAllianz China A-Shares AT-USDAllianz Global Investors Asia Pacific60
Equity Emerging Mkts GlobalPGIM Jennison Emerging Markets Equity USD A AccJennison Associates208
Equity EuropeMS INVF Europe Opportunity A EURMorgan Stanley IM295
Equity Europe Sm&Mid CapBerenberg European Micro Cap BJoh. Berenberg, Gossler & Co99
Equity EuroZoneBerenberg Eurozone Focus Fund RJoh. Berenberg, Gossler & Co91
Equity GermanyAS SICAV I – German Equity A Acc EURAberdeen Asset Managers23
Equity GlobalMS INVF Global Advantage A USDMorgan Stanley IM539
Equity Sector HealthcareCredit Suisse (Lux) Digital Health Equity B USDCredit Suisse AM40
Equity Sector Information TechJPM US Technology A Dis USDJP Morgan IM35
Equity USMS INVF US Growth A USDMorgan Stanley IM234
Mixed Asset EUR Bal – GlobalPhaidros Funds – Balanced AEyb & Wallwitz AM131
Mixed Asset EUR Cons – GlobalUniRak Nachhaltig Konservativ AUnion Investment Luxembourg98
Mixed Asset EUR Flex – GlobalM&W Invest: M & W CapitalMack & Weise AM220
Note: ‘Fund count’ refers to the number of funds under consideration for a particular award classification. Source: Refinitiv Lipper