Goldman Sachs Asset Management has retained its Overall Large Group accolade in this year’s Refinitiv Lipper Fund Awards for the Nordics region, the results of which were revealed today. Sweden-based Öhman won the corresponding Overall Small Group award.
PGIM won both the Small Equity Group and Small Bonds Group awards, while Switzerland-based Union Bancaire Privée and Denmark-based Nykredit Invest respectively picked up the prizes for Large Equity Group and Large Bonds Group. Completing the company awards, GAM won Large Mixed Asset Group while the Small Mixed Asset Group accolade went to Finland-based Alexandria.
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Among funds to win individual awards for their showing over three years were AXA WF Euro Credit Total Return (Bond EUR Corporates), Morgan Stanley INVF Europe Opportunity (Equity Europe), Swedbank Robur Fokus (Equity Global), PGIM Jennison Emerging Markets Equity (Equity Emerging Markets Global) and Alexandria Tasapainoinen (Mixed Asset EUR Bal – Global).
The winners of the 20 largest award classifications by assets under management (AUM) on a three-year timeframe can be viewed in the table below. You can find all the winners of the 2022 Refinitiv Lipper Fund Awards here
Objectivity and rigour
In total, almost 240 funds won individual awards across three, five and 10-year timeframes. “Objectivity and rigour are vital in an industry that is saturated with accolades,” said Detlef Glow, Refinitiv Lipper’s head of research, Europe, Middle East and Africa.
“These fund awards are unique in that they are the only ones based entirely on objective, quantitative criteria, recognising exceptional outperformance on a risk-adjusted basis relative to a fund’s peers. There is no bias and no nomination process. Each award is based entirely on quantitative analysis.”
Refinitiv Lipper has now been running its fund awards for three decades, in that time extending its coverage to nearly 20 major markets around the world. The process is underpinned by Refinitiv Lipper’s fund data and proprietary quantitative methodology.
The universe for these awards is comprised of mutual funds from across the asset classes: equity, bond, mixed-asset, commodity and alternatives. To be eligible, funds must demonstrate a minimum of three years’ performance history. In contrast to the single-country awards, where all funds from the eligible asset classes with a sales registration in the respective country are taken into consideration, the fund universe for the Nordics awards is composed of all mutual funds with a sales registration in at least one country out of Denmark, Finland, Norway and Sweden.
“To ensure we compare like with like, we classify funds by type, asset class, country, currency, term and more,” said Glow. “Each fund award is based on one of our granular and clearly defined Lipper Global Classifications.
“The group awards, meanwhile, are won by those fund providers who have scored the highest across their fund ranges in each asset class, and overall. We recognise excellence both in large providers and small, so that the skill demonstrated in the latter is not swamped by the larger providers. Taken together, this allows investors to make like-for-like comparisons between funds that share meaningful characteristics.”
Refinitiv Lipper Fund Awards 2022 – Nordics region: 20 largest award classifications, over three years, by AUM
| Award | Fund | Provider | Fund count |
| Bond DKK | Nykredit Engros Obligationer Akk PortefoljeplejeKL | Nykredit Invest | 59 |
| Bond EUR Corporates | AXA WF Euro Credit Total Return A EUR Cap | AXA Investment Managers | 60 |
| Bond EUR Short Term | Carmignac Pfl Securite AW EUR acc | Carmignac | 35 |
| Bond NOK | Eika Kreditt | Eika | 40 |
| Bond SEK | IKC Avkastningsfond A | IKC Fonder | 61 |
| Equity Emerging Mkts Global | PGIM Jennison Emerging Markets Equity USD A Acc | PGIM Investments | 185 |
| Equity Europe | MS INVF Europe Opportunity A EUR | Morgan Stanley | 200 |
| Equity Global | Swedbank Robur Fokus | Swedbank | 490 |
| Equity Nordic | Lannebo Norden Hallbar A | Lannebo | 44 |
| Equity Nordic Small and Mid-Cap | Aktia Nordic Micro Cap B | Aktia | 18 |
| Equity Norway | Danske Invest Norge Vekst | Danske Invest | 42 |
| Equity Sector Information Tech | JPM US Technology A Dis USD | JPMorgan | 39 |
| Equity Sweden | Spiltan Aktiefond Smaland | Spiltan Fonder | 73 |
| Equity Sweden Sm&Mid Cap | Enter Smabolagsfond A | Enter | 23 |
| Equity US | Sparinvest INDEX USA Growth KL | Sparinvest | 175 |
| Mixed Asset EUR Bal – Global | Alexandria Tasapainoinen B | Alexandria | 60 |
| Mixed Asset EUR Cons – Global | Danske Invest Alloc Basic 35 Class WA | Danske Invest | 34 |
| Mixed Asset SEK Aggressive | Lansforsakringar Bekvam Fond Potential A | Lansforsakringar | 22 |
| Mixed Asset SEK Balanced | Handelsbanken Stiftelsefond (B1 SEK) | Handelsbanken | 34 |
| Mixed Asset SEK Conservative | Lararfond 59+ | Ohman | 18 |
Note: ‘Fund count’ refers to the number of funds under consideration for a particular award classification. Source: Refinitiv Lipper
