This year’s winners of the Refinitiv Lipper Fund Awards have been announced for the MENA Markets and Global Islamic award universes. Based entirely on quantitative criteria, the industry’s premier awards programme recognises the region’s best performing funds through a rigorous and independent assessment process.
- For over 30 years and in 17 countries worldwide, the Refinitiv Lipper Fund Awards have honoured funds and fund management companies that have outperformed their peers on a risk-adjusted basis.
- The awards recognise mutual funds and fund families from across all asset classes, including equity, bond, mixed-asset, commodity and alternatives, with additional awards presented to pension funds and exchange-traded funds in specific fund award universes.
- 2020 was a year like no other. Read what winners say about their achievement and the value these awards create for their firms, clients, and the industry.
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Explore key industry insights and predicted trends from 2021 fund industry leaders.
In a year where market volatility reached record levels, and where business and operational models were completely upended, recipients of the 2021 Refinitiv Lipper Fund Awards for the MENA Markets and Global Islamic award universes deserve a special mention for their resilience to a myriad of market risks, and commendation for their vision, innovation and mastery of today’s rapidly evolving financial markets. Congratulations to each winner.
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for consistent return (effective return) value in each eligible classification wins the Refinitiv Lipper Fund Award.
Winners of the 2021 Refinitiv Lipper Fund Awards for MENA Markets and Global Islamic award universes
Individual classifications of three, five, and ten-year periods, as well as fund families with high average scores for the three-year period are also recognised. The awards are based on Refinitiv Lipper’s proprietary methodology.
View the MENA Markets winners and the Global Islamic winners.
Watch: Refinitiv Lipper Fund Awards
With a 48-year track record of providing independent content, Refinitiv Lipper data encompasses over 345,000 share classes across over 80 countries. Refinitiv Lipper Leader ratings are available for mutual funds registered for sale in 47 markets with over 500 global and 174 U.S. fund classifications.
A message from Refinitiv Lipper
Robert Jenkins, Global Head of Research, Lipper, Refinitiv said: “This year’s Refinitiv Lipper Fund Awards recognised the steadfast resolve of award-winning managers and firms who successfully navigated one of the sharpest market downturns and recoveries on record enabling investors to maintain a level of economic confidence amidst a backdrop of uncertainty.
“In a year that endured the impacts of an unprecedented global humanitarian crisis, in which markets reflected investors’ emotions of shock and optimism, there was a degree of solace in having one’s financial fortunes overseen by the stewardship of professional money managers.
“The winners of the Refinitiv Lipper Fund Awards for MENA Markets and Global Islamic 2021 deserve recognition for their exceptional work in mitigating substantial risks while delivering superior returns.”
Download the report: Strategic Insights for Fund Managers and Fund Management Companies
Messages from Lipper Fund Award winners
This year’s award winners share what their award means for their firm and clients.
AIIMAN Asset Management
“AIIMAN is humbled by this recognition from the industry. We’d like to thank our investors for placing their trust in us and allowing us to grow together with them. Today’s award would serve as a positive momentum for us to drive further excellence and performance across our Shariah solutions.”
Akmal Hassan, Managing Director, AIIMAN Asset Management
AllianceBernstein
“We are delighted to have received the Lipper Fund Award for the MENA region in two categories. The award for the AB American Growth Portfolio is the outcome of a combined effort from the different investment professionals who contribute to this strategy. It is also testament to AllianceBernstein’s distribution efforts in the region.
“The award demonstrates the commitment from AllianceBernstein to deliver high-class investment opportunities to our clients.”
Eduard van Nes, Head of MEA Distribution, AllianceBernstein
CI Capital
“This highly regarded award and regional recognition of the ‘Estithmar Fund’ reflects continuous success and outperformance relative to its peers in the Egypt and MENA markets. This pays tribute to its outstanding fund performance and that it has posted the highest cumulative returns in both absolute and risk-adjusted bases over the last five years, which is a continuation of the prestigious awards won by the fund given by local and international organisations.”
Amr Abol Enein, CEO & Managing Director of CI Capital Asset Management
Fiera Capital
“We are delighted to accept the 2021 Lipper Award for our MENA Funds performance. This reflects the success of our team’s focused stock-picking approach and in-depth fundamental company analysis.”
Dominic Bokor-Ingram, Senior Portfolio Manager, Frontier Markets, Fiera Capital
Goldman Sachs
“At Goldman Sachs Asset Management, our clients are at the centre of everything we do. To best serve our clients’ diverse and evolving needs, we have built our business to be global, broad and deep across asset classes, geographies and investment solutions. We are very pleased about this award, as it proves that we are on the right course.
“Our product teams are always focused on delivering consistent and persistent outcomes for our clients. We are honoured to have their hard work and success recognised at this year’s Refinitiv Lipper Fund Awards, which have a strong reputation, particularly among professional investors and market experts.”
Oliver Rahe, Head of Goldman Sachs Asset Management’s MENA Client Business, Goldman Sachs
Insight Investments Management
“It is truly a huge honour for Insight to win an award from the Refinitiv Lipper Fund Awards Global Islamic in the ‘Mixed Asset IDR Flexibly 3 and 5 years’ categories, for the Insight Balanced Sharia (I-Share) Mutual Fund product.
“We believe that this is one of our greatest achievements, and a result of the hard work and commitment carried out by all Insight management and employees on behalf of the investors and partners of Insight.
“This is our second consecutive award in the Global Islamic category, and adds to those we won in 2019. By winning these prestigious awards, Insight is increasingly motivated to provide the best solution and service for all of our investors.
“Insight would like to thank Refinitiv for the Lipper Fund Award given to us. This recognition is proof of the commitment we give to our investors, and hopefully, this award will further increase trust in us among investors.”
Ria M. Warganda, Director, Insight Investments Management
Kagiso Asset Management
“We are honoured to have received the Global Islamic Lipper Fund Award for our Kagiso Islamic Balanced Fund, highlighting our ongoing strong performance for our valued and growing client base.
“This is independent recognition of our investment approach, which delivers meaningfully and consistently for clients across the risk spectrum.”
Abdul Davids, Portfolio Manager, Kagiso Asset Management
Kenanga Investors Berhad
“The increased focus on shariah-compliant investments in recent times and our forte in Islamic investing has placed us in a strategic position to help our clients diversify their portfolios for sustainable performance.
“This award once again affirms our abilities as one of the leading asset and wealth managers in Malaysia for both Islamic and conventional segments, and will undoubtedly drive us to consistently perform as we manage our clients’ portfolios dynamically in today’s complex and ever changing markets.”
Ismitz Matthew De Alwis, Executive Director & Chief Executive Officer, Kenanga Investors Berhad
NBK Capital
“This recognition is a testament to the ability of our award-winning asset management team and its leading position locally and regionally. It reflects the success of our investment philosophy that focuses on sustainable capital growth and sound investment strategies.
“NBK Capital’s leading industry position comes as a result of its relentless pursuit of developing innovative solutions that cater to our clients’ needs and objectives and achieve rewarding financial returns in the long-run.
“Winning this prestigious award is additional evidence of the team’s professional experience, proven track record and the strong performance of our investment products.”
Dr Husayn Shahrur, Managing Director of MENA Asset Management, NBK Capital
UTI Asset Management
“The Refinitiv Lipper award is a reflection of our investment philosophy and the processes that we have followed assiduously at UTI, and which we will continue to follow to generate sustainable wealth for our clients around the globe.”
Ajay Tyagi, Portfolio Manager , UTI Asset Management Company Ltd.
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Disclaimer:
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.
