102 funds score top accolade in recent FE Crown fund rating Rebalancing

SINGAPORE, April 23, 2018 /PRNewswire/ -- FE's latest bi-annual Crown Ratings rebalance awarded 102 Singapore funds under the MAS Recognised and Authorised scheme with the highly prized five FE Crowns -- with 4 previously unrated funds being awarded the top accolade.

  • 102 five FE Crown funds
  • 57 funds retained their five FE Crown status from the previous July 2017 rebalancing
  • Fidelity and Schroders top the leaderboard
  • 4 previously unrated funds awarded the highest accolade

In total, January's rebalancing saw 45 funds upgraded to five Crown status, while 47 funds were downgraded from it. Meanwhile 55 funds gained at least two FE Crowns, while 56 funds lost at least two FE Crowns.

FE ratings have been designed around the principles of simplicity, reliability and accuracy. What differentiates FE Ratings from many others is that FE provides a single suite of ratings which allows investors and fund selectors to evaluate funds from all angles. Funds are ranked objectively and transparently using a quantitative methodology in which funds are ranked between one and five Crowns.

Sector analysis

The Emerging Markets equity sector, Emerging Markets Fixed Interest sector and Mixed Asset Flexible sector bagged top spot in terms of absolute numbers with 8 funds scoring five Crowns.

The International Equity sector saw the biggest change from having 7 funds scoring five Crowns in the July 2017 rebalancing to now 3 funds while the Europe ex UK equity sector decreased from 5 to 2 funds scoring 5 Crowns.

At the group level, Fidelity top the board with the highest number of five FE Crown-rated funds at 11, followed by Schroders at 10, Goldman Sachs and Fullerton with 6.

FE's Crown ratings evaluate funds according to alpha generation, volatility and the consistency with which a fund has beaten their benchmarks over the past three years. Only the top 10% of funds compared against their peer group will be awarded 5 FE Crowns.

Previously unrated to five FE Crowns

  • AB FCP I All Market Income Portfolio (Citicode: FQTM)
  • FF Emerging Markets Focus (Citicode: FNBU)
  • Janus Henderson Horizon Emerging Market Corporate Bond (Citicode: FP2C)
  • Maybank Asian Income (Citicode: NZV8)


Nicholas Kwong: +852 3905 1086, Nicholas.Kwong@financialexpress.net Joey Lim: +852 3905 1090, Joey.Lim@financialexpress.net

Logo - https://photos.prnasia.com/prnh/20180131/2045511-1LOGO