148 funds score top accolade in recent FE Crown Fund Rating rebalancing

HONG KONG, April 23, 2018 /PRNewswire/ -- FE's latest bi-annual Crown Ratings rebalance awarded 148 Hong Kong SFC Authorised funds with the highly prized five FE Crowns -- with 5 previously unrated funds also achieving 5 Crown status.

  • 148 five FE Crown funds
  • 87 funds maintained five FE Crown status from the July 2017 rebalancing
  • Fidelity and J.P. Morgan top the leaderboard in group terms
  • 1 previously unrated fund awarded the highest accolade

In total, January's rebalancing saw 59 funds upgraded to five Crown status, while 59 funds saw their rating downgraded. Meanwhile ,79 funds gained at least two FE Crowns, while 72 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 Asia Pacific ex Japan equity sector took top spot in terms of absolute numbers with 13 funds scoring five Crowns although this number was less than our previous rebalancing in July 2017, with the Asia Pacific Mixed Asset sector producing 10 funds with five Crowns.

At the group level, Fidelity and J.P. Morgan top the board with the highest number of five FE Crown-rated funds at 14, followed by Invesco at 12.

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

Previously unrated to five FE Crowns

  • Old Mutual Europe (Ex UK) Smaller Companies (Citicode: KX0L)


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

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