This year’s winners at the Refinitiv Lipper Fund Awards have been announced for the United Kingdom. Based entirely on quantitative criteria, the industry’s premier awards programme recognises the country’s best performing funds through a rigorous and independent assessment process.
- For over 30 years and in 17 countries worldwide, the Refinitiv Lipper Fund Awards have honoured funds and fund management companies that have outperformed their peers on a risk-adjusted basis.
- The awards recognise mutual funds and fund families from across the following asset classes: equity, bond, mixed-assets, and alternatives, with additional awards presented to pension funds and exchange-traded funds in specific fund award universes.
- 2020 was a year like no other. Read what winners say about their achievement and the value these awards create for their firms, clients and the industry.
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Explore key industry insights and predicted trends from the 2021 fund industry leaders.
In a year where market volatility reached record levels, and where business and operational models were completely upended, recipients of the 2021 Refinitiv Lipper Fund Awards for the United Kingdom deserve a special mention for their resilience to a myriad of market risks, and commendation for their vision, innovation and mastery of today’s rapidly evolving financial markets. Congratulations to each winner.
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The 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 Refinitiv Lipper Fund Award.
Winners of the 2021 Refinitiv Lipper Fund Awards for the United Kingdom
Individual classifications of three-, five-, and ten-year periods, as well as fund families with high average scores for the three-year period are also recognised. The awards are based on Refinitiv Lipper’s proprietary methodology.
Watch: Refinitiv Lipper Fund Awards
With a 48-year track record of providing independent content, Refinitiv Lipper data encompasses over 345,000 share classes across over 80 countries. Refinitiv Lipper Leader ratings are available for mutual funds registered for sale in 47 markets with over 500 global and 174 U.S. fund classifications.
A message from Refinitiv Lipper
Robert Jenkins, Head of Research, Lipper, Refinitiv said: “This year’s Refinitiv Lipper Fund Awards recognised the steadfast resolve of award-winning managers and firms who successfully navigated one of the sharpest market downturns and recoveries on record, enabling investors to maintain a level of economic confidence amid a backdrop of uncertainty.
“In a year that endured the impacts of an unprecedented global humanitarian crisis, in which markets reflected investors’ emotions of shock and optimism, there was a degree of solace in having one’s financial fortunes overseen by the stewardship of professional money managers.
“The winners of the Refinitiv Lipper Fund Awards for United Kingdom 2021 deserve recognition for their exceptional work in mitigating substantial risks, while delivering superior returns.”
Exclusive media partner coverage, Portfolio Adviser
View the coverage, interviews and industry insights from Portfolio Adviser, exclusive media partner for the 2021 Refinitiv Lipper Fund Awards for the United Kingdom.
Lipper Fund Awards: messages from the winners
This year’s award winners share what their award means for their firm and clients.
Amundi
“I am delighted, together with my co-portfolio managers Enrico Bovalini and Luigi Cesari, to have been recognised with this prestigious Lipper Fund Award for our Global Multi Asset conservative fund. It’s gratifying to receive industry recognition, particularly in such a competitive space.
“We strive to deliver innovative products for our clients, and our responsive and adaptable approach has meant that in a volatile year, we have been able to benefit from the cyclical market movements we have seen.”
Francesco Sandrini, Head of Multi Asset Balanced, Income and Real Returns Solutions, Amundi
Baillie Gifford
“We are very appreciative of Lipper’s recognition of the firm’s strong performance on behalf of our clients. As long-term growth investors, our eyes are always on the horizon and we will continue to try and unearth great companies and people who offer solutions to a complete range of stakeholders. If we can do that with a measure of success, returns may look after themselves.”
James Budden, Director, Marketing and Distribution, Baille Gifford
Banque de Luxembourg
“We are very glad to be singled out again for the quality of our fund management. Every award and every trophy just confirms the ambitious work of our entire team that we are providing despite the current situation.
“However, we also want to take this opportunity to thank medical and nursing staff, as well as scientists worldwide for their tireless efforts in the battle against COVID-19. Stay safe!
“Without being arrogant: for many years in a row, we have received awards at an international level, and every single award just confirms our prudent, long-term oriented investment approach that we call Business-Like Investing – BLI – as we adopt an entrepreneurial mind-set when taking active positions in companies.
“The Refinitiv Lipper Fund Awards is one of the most renowned awards ceremonies. It is a great honour for us to be recognised by you again.”
Guy Wagner, Managing Director and CIO of BLI – Banque de Luxembourg Investments
Boussard & Gavaudan Gestion
“The Boussard & Gavaudan Convertible Fund received the Lipper Award for Bond Convertibles Europe.
“We are delighted that Refinitiv has recognised the consistency and excellent risk adjusted returns of the Boussard & Gavaudan Convertible Fund. The fund aims to provide an exposure to the European Convertible bond universe. The investment approach seeks to capture the different performance drivers of convertibles, including equity and credit, volatility, special situations and primary issuance.
“The team relies on more than 18 years of Boussard & Gavaudan expertise in CB modelling, fundamental research and multi-asset class trading. The award highlights the fund’s objective to provide its investors with capital growth over a mid- to long-term time horizon.”
Boussard & Gavaudan team
Canaccord Genuity Wealth Management
“We’re delighted to win this award, which is testament to the hard work and dedication of our investment teams.
“We are very fortunate that the fund benefits from the input from our team of experienced investment professionals, in what truly is a collaborative effort across the whole of Canaccord Genuity Wealth Management.
“For our clients, we hope that this award serves as independent recognition that we continue to do all we can to deliver exemplary performance based on an investment process which is rigorous, robust and repeatable.”
Justin Oliver, Deputy CIO and Lead Fund Manager on the CGWM Affinity Fund
Chelverton Asset Management
“We are delighted to be in the winners’ circle once again, and our thanks go to Refinitiv Lipper for this recognition.”
Ed Booth, Fund Manager and James Baker, Fund Manager, Chelverton Asset Management
Goldman Sachs Asset Management
“At Goldman Sachs Asset Management, our clients are at the centre of everything we do. To best serve our clients’ diverse and evolving needs, we have built our business to be global, broad and deep across asset classes, geographies and investment solutions. We are very pleased about this award, as it proves that we are on the right course.
“Our product teams are always focused on delivering consistent and persistent outcomes for our clients. We are honoured to have their hard work and success recognised at this year’s Refinitiv Lipper Fund Awards, which have a strong reputation, particularly among professional investors and market experts.”
Kristina Teahan, Executive Director of UK Sales & Head of UK Third Party Distribution, Goldman Sachs Asset Management
Guinness Asset Management
“We are delighted to have been awarded a 2021 Refinitiv Lipper Fund Award in recognition of our fund’s consistently strong risk-adjusted performance relative to its global equity income peers over 10 consecutive years.
“When we launched the fund over a decade ago in the wake of the global financial crisis, we had set out to construct a portfolio that could weather whatever the next crisis might be, by investing in companies with resilient business models, strong balance sheets and, consequently, an ability to maintain or grow their dividends during challenging economic circumstances.
“Having outperformed the MSCI World Index in all of the largest drawdowns since the launch of the fund, it was particularly gratifying during last year’s dividend drought to see the fund’s portfolio sustain only one dividend cut, with 28 out of our 35 holdings growing their dividend, six keeping their dividends flat, and no companies cancelling their dividend completely.
“Our strategy remains the same as it was 10 years ago – a high-quality global approach that aims to deliver capital appreciation alongside a sustainable, growing dividend stream over the long term and we look forward to continuing to provide this for our clients over the next 10 years.”
Matthew Page, Portfolio Manager and Ian Mortimer, Portfolio Manager, Guinness Asset Management
Janus Henderson Investors
“We’re delighted our funds are being recognised in the prestigious Lipper Fund Awards. This recognition is a testament to our team’s devotion to delivering superior risk-adjusted returns for our clients.
“We look forward to continuing our strong momentum and join Lipper in congratulating all of this year’s nominees and award recipients.”
Enrique Chang, Global Chief Investment Officer, Janus Henderson
Muzinich
“We are proud recipients of the 2021 Refinitiv Lipper Fund Awards UK in the best Bond Global Short Term category over three years. We believe this award highlights our expertise in income generation and focus on delivering risk-adjusted returns for our clients, underpinned by our capital preservation mindset.”
Tatjana Greil Castro, Portfolio Manager, Muzinich
Nordea Asset Management
“We are truly honoured to receive these prestigious awards from Lipper and to be recognised among our peers for the strong risk-adjusted performance of two of our Emerging Markets solutions.
“Putting risk at the heart of our investment process has allowed us to deliver consistent returns over time for our clients. We continuously work with their needs in mind, and being acknowledged by the industry for our day-to-day work is truly gratifying.”
Anders Madsen, Managing Director, Head of Institutional & Wholesale Distribution Northern Europe, Nordea Asset Management
Royal London Asset Management
“RLAM is delighted to be recognised by the Refinitiv Lipper Awards. Our longstanding philosophy of capturing inefficiencies in sterling credit markets, combined with our rich heritage in sustainable investing, has led to a unique set of products capable of delivering robust performance while making a positive difference.
“From a fixed income perspective, this award is a strong recognition of our team-based approach to investing, and we are proud to be contributing to and enhancing the success of the sustainable franchise that has been delivering over a number of years.
“These awards also show the industry’s recognition of our long history in sustainable investing and our ability to work seamlessly across equity and debt markets. Sustainable investing is still in the early stages of being accepted as a core investment proposition, and these awards reinforce its relevance to an increasing number of investors.
“We are honoured to have our team’s hard work and success recognised at this year’s Refinitiv Lipper Fund Awards.”
Shalin Shah, Senior Fund Manager, Royal London Asset Management
Ruffer LLP
“The Refinitiv Lipper award is a prestigious validation of our approach over the last few years. We are immensely proud that our clients and investors have continued to place their trust in us and that we have been able to deliver for them during an extraordinary period of market history. Preserving and growing capital through all market conditions is our raison d’etre.”
Alexander Chartres, Fund Manager, Ruffer LLP
TAMAC
“TAMAC is delighted to accept the Refinitiv Lipper Fund Award 2021. It is fantastic to receive industry recognition for the hard work the team put into achieving our consistently strong risk-adjusted returns.
“Our focus is on building champion portfolios across asset classes, and winning such a high-profile award in the multi-asset category underlines the high standard we aim to achieve.”
Rowan Francis, Lead Portfolio Manager, TAMAC
UTI Asset Management
“The Refinitiv Lipper award is a reflection of our investment philosophy and the processes that we have followed assiduously at UTI and which we will continue to follow to generate sustainable wealth for our clients around the globe.”
Ajay Tyagi, Portfolio Manager, UTI Asset Management Company Ltd
Vontobel Asset Management
“We are grateful for this Lipper Award, which is evidence of the effectiveness of active management. Delivering performance to our investors is our ultimate goal and this award is a testament to investors of our commitment to them.”
Ludovic Colin, Head of Global Flexible Bonds, Vontobel Asset Management
Waverton Investment Management
“We are very proud to be recognised by Refinitiv Lipper for the performance of the Waverton Sterling Bond Fund over three and five years.
“It is a reward to the team for their work over a sustained period of volatile markets and recognition of our differentiated approach to investing in bonds.
“We also think this is a demonstration that big is not necessarily best in the fund industry, especially in bonds, where flexibility and the ability to be nimble are likely to be increasingly important drivers of return, in our view.”
Jeff Keen, Fund Manager and Head of Fixed Income, Waverton Investment Management
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Disclaimer:
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The Refinitiv 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 Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.
