Vontobel Asset Management’s Global Equity Capabilities Win Lipper Recognition
NEW YORK--(BUSINESS WIRE)--Mar 13, 2019--The Virtus Vontobel Global Opportunities Fund (WWOIX) has been honored with a 2019 Lipper Fund Award for its risk-adjusted performance over five years in the Global Equity Large-Cap Growth category.
“This award is a testament to the consistent and highly disciplined investment style of the Vontobel Quality Growth team under the leadership of Matthew Benkendorf,” said Thomas Wittwer, Chief Executive Officer North America. “As our Global Equity Strategy celebrates its 25 th anniversary this year, we are privileged to share this success with our clients and partners.”
The Vontobel Global Equity Strategy invests in high-quality companies across the globe using fundamental, bottom-up research to identify well-managed businesses with consistent financial performance and favorable long-term economic prospects. Quality Growth Chief Investment Officer Matthew Benkendorf has managed the strategy since 2008, and Ramiz Chelat was promoted to deputy portfolio manager in 2016 after 9 years on the investment team.
The Quality Growth investment team was also honored earlier this month by Morningstar in the Equity Fund House and Global Equities Fund categories for performance over 1-, 3- and 5-years on a risk-adjusted basis.
About Lipper Fund Awards
The Lipper Fund Awards from Refinitiv, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The 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 Lipper Fund Award.
The Lipper Fund Awards are based on the Lipper Ratings for Consistent Return, which is a risk-adjusted performance measure calculated over 36, 60 and 120 month periods. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5; the next 20% receive a score of 4; the middle 20% are scored 3; the next 20% are scored 2; and the lowest 20% are scored 1.
For Lipper Best Individual Funds, the highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner for the 3-, 5-, or 10-year periods, all as of 11/30/18. 133 Small-Cap Growth Funds were eligible for the five-year period and 143 were eligible for the three-year period; 99 Mid-Cap Growth Funds were eligible for the three-year period; 32 Short-Intermediate Investment Grade Debt Funds were eligible for the 10-year period; 24 Short Municipal Debt Funds were eligible for the 10-year period; and 23 Global Large-Cap Growth Funds were eligible for the five-year period. For a detailed explanation, please review the Lipper Leaders methodology document at: https://www.lipperfundawards.com/Awards/UnitedStates/2019/Methodology/114/Methodology_2019. Lipper, Inc. is a nationally recognized organization that ranks the performance of mutual funds.
Morningstar Statement of Purpose
The objective of the quantitatively driven Morningstar International Fund Awards program is to recognise those funds and fund groups that have added the most value within the context of a relevant peer group for investors over the past year and over the longer-term. The program is distinct from the qualitative awards issued by Morningstar’s research team.
The awards are annual, so we believe it is appropriate to emphasise a fund’s one-year performance. However, we do not wish to be in the position of giving awards to funds that have posted a strong one-year return, but have otherwise not delivered good results for investors. We also recognise that investors often use awards as a “buy” signal, and we do not wish to steer them to offerings that may not be good longer-term investments.
The awards methodology therefore emphasises the one-year period, but funds must also have delivered strong three-and five-year returns after adjusting for risk within the awards peer groups in order to obtain an award. Further, they must have been at least in the top half of their respective peer groups in at least three of the past five calendar years. We believe this combination will ensure that the awards are given to funds which have earned strong one-year results, and have also shown they have the ability to earn strong long-term returns without undue risk.
Awards will be determined for each individual national fund market.
Only funds that are recorded in the Morningstar database as available for sale in a given market will be eligible to receive an award in that market.
For the Morningstar Category Awards only: In order to ensure Morningstar analysts can carry out effective qualitative checks for potential winners, only funds that have reported at least four complete portfolios to Morningstar between 1 September 2017 and 31 December 2018 are eligible for an award.
The following fund types are excluded from the universe: Insurance funds, closed-end funds. Currency-hedged share-classes of funds are also excluded unless they are in a category specifically for currency-hedged funds and share classes. All funds or share classes in unrated Morningstar categories are excluded from participating in the awards.
The smallest 10% of funds in each category are excluded from the awards based on the latest June end portfolio size expressed in EUR. In lieu of this measure, analysts may also exclude funds with less than EUR 10 million in assets at 30 June or the nearest date for which assets are available.
For a detailed explanation, please review the Morningstar International Fund Awards Methodology, Finland document at: https://media.morningstar.com/eu/Events/Awards/2019/Methodology_Documents/Finland_Fund_Awards_Methodology_2019.pdf?elqTrackId=d644b4be07254e9ca778c34affb83249&elqaid=3003&elqat=2
About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs.
Vontobel Asset Management
Vontobel Asset Management is an active asset manager with global reach and a multi-boutique approach. Each of our boutiques draws on specialized investment talent, a strong performance culture and robust risk management. We deliver leading-edge solutions for both institutional and private clients. Our commitment to active management empowers us to invest on the basis of our convictions. We deliver value through our diverse and highly specialized teams. Employing over 400 professionals worldwide – including 170 investment specialists – we operate across 13 locations including Switzerland, Europe and the US and create strategies and solutions covering equities, fixed income, multi-asset and alternative investments. The goal of achieving excellent and repeatable performance has been fundamental to our approach since 1988. A strong and stable shareholder structure guarantees our entrepreneurial independence and protects the long-term mindset that guides our decision-making.
This document is for information purposes only and does not constitute an offer of any kind. The services described in the document are supplied under the agreement signed with the service recipient. The nature, scope and prices of services and products may vary from one country to another and may change without notice at any time. Certain services and products are not available worldwide or from all companies of Vontobel. In addition, they may be subject to legal restrictions in certain countries.
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CONTACT: Catherine Koch
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SOURCE: Vontobel Asset Management
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PUB: 03/13/2019 11:50 AM/DISC: 03/13/2019 11:50 AM