2 Special Awards Added to this year’s Raging Bull Awards

2 Special Awards Added to this year’s Raging Bull Awards

The Oscars of the unit trust industry, the Raging Bull Awards, celebrate their 21st anniversary this year, and to mark the occasion two special awards will be made tonight in addition to the 10 coveted awards.

The event is hosted by Personal Finance, a publication of Independent Media, in conjunction with data-provider partners ProfileData and PlexCrown Fund Ratings.

The special awards will be made to the unit trust company with the top-performing South African equity general fund over 21 years and the top-performing South African multi-asset equity fund on a risk-adjusted basis over 21 years.
Dr Iqbal Survé, the executive chairman of Independent Media, will address this year’s event, which will be held at the Summer Palace Ballroom in Johannesburg.

More than 300 representatives of leading unit trust companies, boutique managers, financial services regulators and investment industry bodies attend the annual event.

Each year, 10 Raging Bull Awards are awarded. The most coveted award, for the South African Management Company of the Year, is made on the basis of an average PlexCrown Fund Rating that measures risk-adjusted returns and consistency of performance across all of a manager’s qualifying funds for periods up to five years.

Last year, Nedgroup Investments became the first management company in the history of the awards to scoop the Raging Bull Awards for South African Management Company and for Offshore Management Company.

The award for the Offshore Management Company of the Year is made to the manager with the best average risk-adjusted performance rating for its foreign-currency funds. These funds are domiciled outside South Africa but have been approved by the Financial Services Board (FSB) suitable for South African investors.

Certificates are awarded to the runners-up in second and third place in the domestic management company rankings. The runners-up in 2016 were Coronation Fund Managers and Allan Gray. The performance of these investment houses’ funds over the year to December last year will determine how their relative ratings have changed.

Coronation has won the coveted Raging Bull for South African Management Company six times – three times in a row – while Allan Gray has been the company of the year four times.

Four awards are made on the basis of outright (straight) performance over three years in the South African equity general sector, the South African interest-bearing sector (the interest-bearing short-term and variable-term sub-categories and the multi-asset income sub-category), the (rand-denominated) global equity general sector and the offshore global equity sector (foreign-domiciled funds approved by the FSB).

Four awards are made on the basis of risk-adjusted returns, as measured by the PlexCrown ratings, over periods up to five years. These awards are for the best funds in the South African equity general sub-category, the South African multi-asset flexible sub-category, the broader South African multi-asset category (low-, medium- and high-equity sub-categories) and the offshore global asset allocation sector.

Attendance at Wednesday night’s event is through bookings only, and the event is fully booked.

Details of all the award and certificate winners, as well as interviews with all the award-winners, will be published in this Saturday’s edition of Personal Finance in the Pretoria News Weekend, the Saturday Star, The Independent on Saturday and the Weekend Argus, as well as on the Personal Finance website, www.persfin.co.za

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