SANTIAGO, 25 March 2015-Servicios Morningstar Chile Limitada, a subsidiary of independent investment research provider Morningstar, Inc. (NASDAQ: MORN), today announced the fund and fund house winners of its 2015 Chilean Fund Awards.
The Morningstar Chilean Awards recognize funds and fund companies that added the most value for investors within the context of a relevant peer group in 2014 and over longer time periods. Morningstar selects the winners using a quantitative methodology, with a qualitative overlay, which emphasizes one-year performance but also considers the three-year performance history of all eligible funds. The company adjusted returns for risk using a proprietary screen that imposes a higher penalty for downside variation in a fund's return than upside volatility.
Clark Ainsworth, business development manager for Morningstar in Latin America, said, "The Morningstar Awards are designed to help investors identify the year's most exceptional funds and fund companies. With these awards, we recognize the funds and fund companies that outperformed their peers and added value for investors."
The winners of the 2015 Morningstar Chilean Awards are:
Fund Category Winners
Category / Fund Company / Share Class Name
Best Aggressive Allocation Fund / BBVA Asset Management AGF S.A. / BBVA Activa A PATRI
Best Asia Equity Fund / BCI Asset Management AGF S.A. / BCI Asia CLASI
Best Brazil Equity Fund / BTG Pactual AGF S.A. / BTG Pactual Brasil A
Best Cautious Allocation Fund / BBVA Asset Management AGF S.A. / BBVA Activa D PATRI
Best Chile Equity Fund / Larrain Vial AGF S.A. / Larrain Vial Enfoque A
Best CLP Long Term Bond Fund / Security AGF S.A. / Security Corporativo B
Best CLP Medium Term Bond Fund / BTG Pactual AGF S.A. / BTG Pactual Renta Nominal B
Best CLP Short Term Bond Fund / Zurich AGF S.A. / Zurich Cash Plus B
Best Europe Equity Fund / Euroamérica AGF S.A. / Euroamérica Europa A
Best Global Emerging Markets Equity Fund / Banchile AGF S.A. / Banchile Emerging Market C
Best Global Equity Fund / IM Trust AGF S.A. / IM Trust Globales I B
Best Latin America Bond Fund / Larrain Vial AGF S.A. / Larrain Vial Bonos Latam A
Best Latin America Equity Fund / BBVA Asset Management AGF S.A. / BBVA Latam GLOBA
Best Moderate Allocation Fund / BBVA Asset Management AGF S.A. / BBVA Activa C PATRI
Best U.S. Equity Fund / BBVA Asset Management AGF S.A. / BBVA USA GLOBA
Fund House Winners
Category / Fund Company
Best Equity Fund House / BBVA Asset Management AGF S.A.
Best Fixed-Income Fund House / BICE Inversiones AGF S.A.
Best Global Fund House / BTG Pactual AGF S.A.
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Notes to Editors:
The Morningstar fund category and fund house award winners are based on Morningstar fund data as of 31 December 2014. For more information, please visit http://awards.morningstar.com.
About Servicios Morningstar Chile Limitada and Morningstar, Inc.
Servicios Morningstar Chile Limitada is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 14 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $170 billion in assets under advisement and management as of Dec. 31, 2014. The company has operations in 27 countries.
The references above should not be considered a solicitation by Morningstar to buy securities.
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