Morningstar Inc, a leading provider of independent investment research, recently announced the winners of the 2023 Morningstar Awards for Investing Excellence Luxembourg.
The awards recognise funds and asset managers that have served investors well in the long term and which have convinced Morningstar's manager research team that they will be able to deliver strong risk-adjusted returns over time.
There are three types of Morningstar award: the Morningstar Category Awards, the Morningstar Asset Manager Awards and the Morningstar Asset Manager Sustainable-Investing Awards.
"The Morningstar Awards for Investing Excellence commends funds and asset managers for serving investors well and which Morningstar's Manager Research team believes will be able to deliver strong risk-adjusted returns in the longer term. Based on Morningstar's forward-looking ratings for funds, the Morningstar manager research team carefully decide the winners, across equity, fixed income and multi-asset categories, as the leading funds within Luxembourg for investors. Additionally, with our Asset Manager Sustainable-Investing Awards, we seek to recognise asset managers that have built strong ESG capabilities and have proven track records of integrating sustainability principles into their investment organisations," said Jeffrey Schumacher, Director of Manager Research EMEA at Morningstar Inc.
The 2023 Morningstar Awards for Investing Excellence award winners in Luxembourg were as follows:
Best EUR Allocation Fund: Cartesio (Share Class: Cartesio Equity; Morningstar Analyst Rating: Bronze)
Best EUR Bond Fund: Candriam (Share Class: Candriam Bonds Euro High Yield; Morningstar Analyst Rating: Silver)
Best Europe Equity Fund: M&G (Share Class: M&G (Lux) European Strategic Value; Morningstar Analyst Rating: Bronze)
Best Global Equity Fund: Schroders (Share Class: Schroder ISF Global Sustainable Growth; Morningstar Analyst Rating: Bronze)
Morningstar Asset Manager Awards:
Best Asset Manager: Robeco
Best Asset Manager - Sustainable Investing: Robeco
According to Morningstar, these awards are determined by a combination of risk-adjusted medium- to long-term performance track records and Morningstar's forward-looking rating for funds, the Morningstar Analyst Rating™, complemented by the Morningstar Quantitative Rating™ (MQR), when necessary. The MQR is a quantitative rating that seeks to emulate the Analyst Rating and uses the same Gold, Silver, Bronze, Neutral, Negative scale as the former.
The Morningstar Asset Manager - Sustainable Investing Awards are determined by a combination of Morningstar's ESG Commitment Level for asset managers, along with Morningstar's sustainability metrics for funds and Manager Research analysts' knowledge of the fund groups they assess in the context of the Morningstar Analyst Rating for Funds.