Prudential is South Africa's #1 large asset manager - again.
We are exceptionally pleased to report that, for the third year in a row, Prudential has been recognized as South Africa’s #1 large asset manager. At a gala event in Cape Town on Wednesday 28 February, we won the 2018 Morningstar award for “Best Fund House (Larger Fund Range)” for the strong collective performance of our unit trusts for periods through 31 December 2017.
CEO Bernard Fick commented: “This follows on winning the same award in both 2016 and 2017, highlighting that we remain true to our principle of ‘consistency’. It is also testimony to our dedication to delivering consistent, highly competitive returns for our investors. This result was a great team effort. However, special congratulations must go to our investment team for delivering great performance in what was a difficult year, and to our unit trust management team for ensuring that our fund range remains appropriate for all our clients.”
The table below highlights some of our top-performing funds (ranking in the top 25% of unit trusts in their ASISA category based on returns):
Source: Morningstar data to 31 December 2017
About the Morningstar award
The Morningstar Award for Best Fund House: Larger Fund Range is awarded to the large asset manager with 10 or more qualifying funds with the strongest performing overall fund range, on a risk-adjusted performance basis. The awards methodology emphasizes the one-year fund performance, but funds must also have delivered strong three- and five-year returns after adjusting for risk within their respective categories. Further, the funds must have been in at least the top half of their respective peer groups in at least three of the past five calendar years.