The Top fund awards series are not open for nomination.
The subset is designed to help investors identify funds that have achieved top performance, and risk management outcome. BENCHMARK’s top Mutual Funds are selected based purely on quantitative data in our BlueOnion fund database. There are currently over 171,000 funds (including all share classes) across 14 countries with over 400 categories.
Although this is an annual award, we believe investors should not only base their decisions purely on short-term performance, but also seek those managers who have demonstrated strong medium-to-long-term outcomes without subjecting the investors to unnecessary risks.
There are two sets of Top Fund Awards – Performance and Sustainability and they are based on a risk-adjusted perspective. See Judging for details.
The funds that are ranked in the top One Percentile (1st/100) in their respective peer groups will be awarded the Best-in-Class (BIC) title, and the funds ranked in the top Two and Three Percentile (2nd/100 and 3rd/100) will be awarded the Outstanding Achiever (OSA) title.
For eligibility, the fund must:
- exists on the BlueOnion fund database
- be registered in Hong Kong, Taiwan, Singapore or China
- have a minimum 3 years track record for the Performance award
Categories and winners to be announced later after performance cut-off date of September 30, 2020.
TOP PERFORMANCE AWARDS
Performances between October 1, 2019 and September 30, 2020 will be aggregated on a 12-month rolling basis, based on the following criteria:
- 1 Year & 3 Year Total Return
- 1 Year & 3 Year S.D.
- 1 Year & 3 Year Sortino Ratio
- Total Expense Ratio
The effective weights of each score set in the calculation are as follows:
- Return: 60% (1 Year Return)+ 40% (3 Year Return)
- S.D: 60% (1 Year S.D.)+ 40% (3 Year S.D.)
- Sortino Ratio: 60% (1 Year Sortino Ratio)+ 40% (3 Year Sortino Ratio)
- Fee: Total Expense Ratio (TER)
Overall score = 50% (Return) + 20% (S.D) + 20% (Sortino Ratio) +10% (TER)
To enquire about scoring and full methodology, please contact the following parties:
Hong Kong: Chris.Hay@wealthasia.net
Taiwan and Mainland China: Conan.Sun@wealthasia.net
To qualify for a seat on the judging panel: Cheyne.Reid@wealthasia.net