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Revealed: Winners of 2021 Nordic Refinitiv Lipper Fund Awards

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 classificationFund NameFund AdviserFund Count
Bond DKKNordea Invest Fonde KLNordea IM, Denmark62
Bond EUR CorporatesBlueBay Investment Grade Bond R EURBlueBay AM57
Bond EUR Short TermCarmignac Pfl Securite A EUR accCarmignac Gestion31
Bond NOKKLP Obligasjon 5 arKLP Kapitalforvaltning37
Bond SEKIKC Avkastningsfond AIKC Fonder54
Equity Emerging Mkts GlobalPGIM Jennison Emerging Markets Equity USD A AccJennison Associates183
Equity EuropeMS INVF Europe Opportunity A EURMorgan Stanley IM198
Equity GlobalMS INVF Global Advantage A USDMorgan Stanley IM440
Equity NordicDNB Gront Norden ADNB Asset Management47
Equity Nordic Small and Mid-CapAktia Nordic Micro Cap BAktia Bank16
Equity NorwayDNB SMB ADNB Asset Management40
Equity Sector Information TechJPM US Technology A Dis USDJP Morgan IM29
Equity SwedenHandelsbanken Sverige Tema (A1 SEK)Handelsbanken Fonder73
Equity Sweden Sm&Mid CapEnter Smabolagsfond AEnter Fonder21
Equity USMS INVF US Growth A USDMorgan Stanley IM178
Mixed Asset EUR Bal – GlobalSEB 50 BSEB IM53
Mixed Asset EUR Cons – GlobalNordea Sustainable Selection Moderate P growth EURNordea IM33
Mixed Asset SEK AggressiveLansforsakringar Bekvam Fond Potential ALansforsakringar Fondforvaltning22
Mixed Asset SEK BalancedHandelsbanken Stiftelsefond (B1 SEK)Handelsbanken Fonder29
Mixed Asset SEK ConservativeNaventi Defensiv FlexNaventi Fonder18
Note: ‘Fund count’ refers to the number of funds under consideration for a particular award classification. Source: Refinitiv Lipper