Goldman Sachs Asset Management (GSAM) has received the Overall Large Group accolade in this year’s Nordic Refinitiv Lipper Fund Awards, the results of which were revealed today. Finland-based LähiTapiola won the corresponding Overall Small Group award.
Columbia Threadneedle Investments and PGIM picked up the two big equity prizes – respectively for Large Equity Group and Small Equity Group – while Amundi and Alexandria were respectively judged Large Mixed Asset Group and Small Mixed Asset Group. GSAM picked up a second company award for Large Bonds Group, while the Small Bonds Group accolade went to the team at Lægernes Invest.
Among funds to win individual awards for their showing over three years were BlueBay Investment Grade Bond (Bond EUR Corporates), Morgan Stanley INVF Europe Opportunity (Equity Europe), Morgan Stanley INVF Global Advantage (Equity Global), PGIM Jennison Emerging Markets Equity (Equity Emerging Markets Global) and SEB 50 (Mixed Asset EUR Bal – Global).
In total, some 240 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 Nordic Refinitiv Lipper Fund Awards here.
Risk-adjusted performance
“In a year when market volatility reached record levels and business and operational models were completely upended, recipients of the 2021 Refinitiv Lipper Fund Awards for the Nordic region 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 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 one 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 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 classification | Fund Name | Fund Adviser | Fund Count |
| Bond DKK | Nordea Invest Fonde KL | Nordea IM, Denmark | 62 |
| Bond EUR Corporates | BlueBay Investment Grade Bond R EUR | BlueBay AM | 57 |
| Bond EUR Short Term | Carmignac Pfl Securite A EUR acc | Carmignac Gestion | 31 |
| Bond NOK | KLP Obligasjon 5 ar | KLP Kapitalforvaltning | 37 |
| Bond SEK | IKC Avkastningsfond A | IKC Fonder | 54 |
| Equity Emerging Mkts Global | PGIM Jennison Emerging Markets Equity USD A Acc | Jennison Associates | 183 |
| Equity Europe | MS INVF Europe Opportunity A EUR | Morgan Stanley IM | 198 |
| Equity Global | MS INVF Global Advantage A USD | Morgan Stanley IM | 440 |
| Equity Nordic | DNB Gront Norden A | DNB Asset Management | 47 |
| Equity Nordic Small and Mid-Cap | Aktia Nordic Micro Cap B | Aktia Bank | 16 |
| Equity Norway | DNB SMB A | DNB Asset Management | 40 |
| Equity Sector Information Tech | JPM US Technology A Dis USD | JP Morgan IM | 29 |
| Equity Sweden | Handelsbanken Sverige Tema (A1 SEK) | Handelsbanken Fonder | 73 |
| Equity Sweden Sm&Mid Cap | Enter Smabolagsfond A | Enter Fonder | 21 |
| Equity US | MS INVF US Growth A USD | Morgan Stanley IM | 178 |
| Mixed Asset EUR Bal – Global | SEB 50 B | SEB IM | 53 |
| Mixed Asset EUR Cons – Global | Nordea Sustainable Selection Moderate P growth EUR | Nordea IM | 33 |
| Mixed Asset SEK Aggressive | Lansforsakringar Bekvam Fond Potential A | Lansforsakringar Fondforvaltning | 22 |
| Mixed Asset SEK Balanced | Handelsbanken Stiftelsefond (B1 SEK) | Handelsbanken Fonder | 29 |
| Mixed Asset SEK Conservative | Naventi Defensiv Flex | Naventi Fonder | 18 |
