Goldman Sachs Asset Management has received the Overall Large Group accolade in this year’s Refinitiv Lipper Fund Awards for Europe, the results of which were revealed today.
Luxembourg-based NEF won the corresponding Overall Small Group award.
Columbia Threadneedle Investments and Berenberg picked up the two big equity prizes – respectively for Large Equity Group and Small Equity Group – while Russell Investments and Mirova were respectively judged Large Bonds Group and Small Bonds Group. Completing the company awards, Carmignac won Large Mixed Asset Group while the Small Mixed Asset Group accolade went to the team at Alpina Funds.
Among funds to win individual awards for their showing over three years were NB Euro Bond (Bond EUR), BlueBay Investment Grade Bond (Bond EUR Corporates), DPAM L Bonds Uni Unconstrained (Bond Global EUR), Morgan Stanley INVF Europe Opportunity (Equity Europe), Morgan Stanley INVF Global Advantage (Equity Global) and M&W Invest: M&W Capital (Mixed Asset EUR Flex – Global).
In total, some 270 funds won individual awards across three, five and 10-year timeframes and 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 also view all the winners of the 2021 Refinitiv Lipper Fund Awards here.
Risk-adjusted performance
“In a year where market volatility reached record levels and business and operational models were completely upended, recipients of the 2021 Refinitiv Lipper Fund Awards for Europe deserve a special mention for their resilience to myriad market risks – not to mention commendation for their vision, innovation and mastery of today’s rapidly evolving financial markets,” said the group’s head of Emea research Detlef Glow.
“The 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 entirely data-derived.”
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 the awards is made up of Ucits 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 and be registered for sale in at least three out of 31 European countries, composed of the 27 EU member state countries and the four EFTA countries.
“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 all together, this allows investors to make like-for-like comparisons between funds that share meaningful characteristics.”
Lipper Fund Awards 2021 – 20 largest award classifications, over three years, by AUM
| Award classification | Fund Name | Fund Adviser | Fund Count |
| Bond EUR | NB Euro Bond A Dis | GNB – Sociedade Gestora de Patrimonios | 66 |
| Bond EUR Corporates | BlueBay Investment Grade Bond R EUR | BlueBay AM | 80 |
| Bond EUR Short Term | Carmignac Pfl Securite A EUR acc | Carmignac Gestion | 54 |
| Bond Global EUR | DPAM L Bonds Uni Unconstrained B EUR Cap | Degroof Petercam AM | 156 |
| Bond Global USD | Aegon Strategic Global Bond A Acc USD | Aegon Asset Management | 122 |
| Bond USD High Yield | AXA WF US Dynamic High Yield Bonds A USD C | AXA IM | 60 |
| Equity Asia Pacific ex Japan | Morgan Stanley Asia Opportunity A USD | Morgan Stanley IM | 135 |
| Equity China | Allianz China A-Shares AT-USD | Allianz Global Investors Asia Pacific | 60 |
| Equity Emerging Mkts Global | PGIM Jennison Emerging Markets Equity USD A Acc | Jennison Associates | 208 |
| Equity Europe | MS INVF Europe Opportunity A EUR | Morgan Stanley IM | 295 |
| Equity Europe Sm&Mid Cap | Berenberg European Micro Cap B | Joh. Berenberg, Gossler & Co | 99 |
| Equity EuroZone | Berenberg Eurozone Focus Fund R | Joh. Berenberg, Gossler & Co | 91 |
| Equity Germany | AS SICAV I – German Equity A Acc EUR | Aberdeen Asset Managers | 23 |
| Equity Global | MS INVF Global Advantage A USD | Morgan Stanley IM | 539 |
| Equity Sector Healthcare | Credit Suisse (Lux) Digital Health Equity B USD | Credit Suisse AM | 40 |
| Equity Sector Information Tech | JPM US Technology A Dis USD | JP Morgan IM | 35 |
| Equity US | MS INVF US Growth A USD | Morgan Stanley IM | 234 |
| Mixed Asset EUR Bal – Global | Phaidros Funds – Balanced A | Eyb & Wallwitz AM | 131 |
| Mixed Asset EUR Cons – Global | UniRak Nachhaltig Konservativ A | Union Investment Luxembourg | 98 |
| Mixed Asset EUR Flex – Global | M&W Invest: M & W Capital | Mack & Weise AM | 220 |
