Morningstar Announces Winners of 2017 Awards for Excellence in Investment

London - 8 September 2017

Morningstar UK Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced the winners of this year’s Morningstar Awards for Excellence in Investment.

The Awards took place at the Kensington Roof Gardens on 7th September, recognising individual fund managers and fund groups that have made a substantial contribution to the UK retail investment management industry.
The 2017 winners are:

➢ Outstanding Fund Manager

Stephen Harker, Man GLG Japan CoreAlpha

➢ Outstanding Rising Talent

Nitin Bajaj, Fidelity Asian Values, Fidelity Funds - Asian Smaller Companies

➢ Outstanding Investment House

Troy Asset Management

“These awards bring our extensive qualitative manager research to the fore and celebrate active managers who have rewarded UK investors and been excellent stewards of fund shareholders’ capital over the long term,” said Jonathan Miller, Director of UK Manager Research for Morningstar.

“This year, Stephen Harker, manager of the Man GLG Japan CoreAlpha fund, has won the prestigious Outstanding Fund Manager Award. This identifies a generationally great investor within the retail investment space. Harker has specialised in managing Japanese funds for over 30 years. He has shown unwavering adherence to a highly disciplined approach, helped by his extensive knowledge of the Japanese market and benefitted long-term investors with strong outperformance.

“In recognition of an up-and-coming name, Nitin Bajaj of Fidelity received our Outstanding Rising Talent Award. As manager of the Fidelity Asian Values investment trust and Fidelity Funds - Asian Smaller Companies, he stood out for his focus on stock specifics, enthusiasm for his value style of investing, and disregard for the benchmark.

“Troy Asset Management was recognised for the Outstanding Investment House Award. We especially like the fact that Troy is much more focused on protecting and growing its clients' money than in asset gathering. There’s a long-term philosophy to investing that permeates across the investment teams and investors have been handsomely rewarded.”

The awards draw on Morningstar’s qualitative manager research, which uses a globally consistent five-pillar methodology to ascertain a Morningstar Analyst Rating™ for funds under coverage. The five pillars in the Morningstar Analyst Rating methodology are Process, People, Parent, Performance, and Price.

Morningstar assigns a Morningstar Analyst Rating to funds using a five-tiered rating scale of Gold, Silver, Bronze, Neutral, and Negative. Morningstar Medalists—those funds that have received a Gold, Silver, or Bronze rating—are funds that Morningstar analysts determine are likely to outperform their peer groups and/or relevant benchmarks on a risk-adjusted basis over a market cycle of at least five years. Morningstar does not charge asset managers to research and rate their funds. For more information about Morningstar’s manager research and ratings, please visit http://global.morningstar.com/UKPeople.

Morningstar UK Limited is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than US$200 billion in assets under advisement and management as of June 30, 2017. The company has operations in 27 countries.