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MILAN • 5 NOVEMBER 2015

BENEFIT FROM THE KNOWLEDGE OF LEADING FUND MANAGERS

Methodology

The Fund Manager of the Year Awards 2015/16 are based on a two-step process.

The first step involves a quantitative screening, done with the assistance of Lipper, a Thomson Reuters company, to identify the shortlisted funds per Awards category. The second, qualitative step involves 10 fund selectors from across Europe picking out their preferences from the shortlists, to identify the winning funds.

Quantitative screen

The fund and fund manager together must have a three year track record to 31 May 2015, to measure cumulative return.

Performance is assessed over each year discretely, and then weighted the following way:
30% weighted to performance in the last 12 months (Year 3)
40% weighted to performance in Year 2
20% weighted to performance in Year 1
10% weighted according to the three year Sortino Ratio.

The fund must be for sale in at least two (2) of InvestmentEurope’s core markets:  France, Germany, Iberia (Spain and Portugal), Italy, Scandinavia (Norway, Sweden, Denmark, Finland), and Switzerland, and be a minimum size of €100m.

The higher weighting toward Year 2 takes into account the mean reversion risk as more money tends to come into funds as they pass into a three-year-plus track record.

The weighted calculation gives the fund an aggregate score out of 100, which will determine its position in the category rankings.

The quantitative screen will be used to identify up to 7 funds in each category, which will make up the shortlist in the following categories:

Fixed Income
Corporate Bonds
High Yield
Global Bonds
Emerging Market Debt
Convertible Bonds
Money Market

Equities
Europe
North America
Global
Global Emerging Markets
Frontier
Single Country
Asia Pacific
Japan

Multi-asset
Hedge Funds
Real Estate
Commodity
ETF

Additionally there are two categories that are not shortlisted through the initial quants screening, which are Specialist Group of the Year, and Investment Group of the Year.

Qualitative Screen

The shortlists will be forwarded to InvestmentEurope’s judging panel of 10 fund selectors from across Europe. They will use a secure web link to vote individually and confidentially, ranking candidates and adding comments which may be used for winner’s citations.