Morningstar has announced fund managers of Invesco, Comgest and HSBC as the winners of its Fund Manager of the Year awards, which were handed out as part of its annual Morningstar Institutional Conference Europe held in Amsterdam.
Based on qualitative research of Morningstar’s 30 member strong EMEA manager research team, the awards were presented in the following three categories: European Equity, Global Equity and European Fixed Income.
In the category European Equity, Michael Fraikin and Thorsten Paarman were awarded for their management of Invesco’s Pan European Structured Equity fund. “The fund has displayed superior resilience in difficult market environments but this is not its only strength, as evidenced by its showing in 2014 when it delivered top-decile returns, bolstered notably by good stock selection results across most selection criteria” the panel commented.
In the category Global Equity, Vincent Strauss & Wojciech Stanislawski were awarded for their management Comgest Growth Emerging Markets & Magellan fund. “Strauss and Stanislawski have never departed from their stringent investment criteria. This has sometimes proved challenging, in particular during momentum-driven markets when their strategy is most likely to underperform. Over time, however, this has produced one of the most compelling risk/return trade-offs in the Morningstar Global Emerging Markets Equity Category” the panel stated.
In the category European Fixed Income, Philippe Igigabel was awarded for his management of the HSBC GIF Euro High Yield Bond fund. “Igigabel applies a high-conviction approach that is best illustrated by the fund’s overweight in subordinated financial issues, initiated in 2009. He stood behind this approach even in periods when it was out of favour, such as 2011, which enabled investors to fully reap the fund’s long-term benefits: over three-, five- and 10-year periods to the end of January 2015, the fund ranks in its category’s top quartile. In 2014, a difficult year for high-yield investors given the market sell-off during the third quarter, the fund outpaced 90 per cent of its competitors” the panel found.