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QUALITY FUNDS

The IA Quality 250

The IA Quality Funds is a list of the blue-chip funds of the offshore universe: it contains only well-established, high performance funds in the most popular categories.

Methodology Starting from the whole Morningstar offshore database of 8,600 funds, only those with a qualitative rating from independent rating agencies Standard & Poor’s or

Pan-European markets equity

Crosby Forsyth Research qualify. Funds in each category are then ranked according to their Morningstar Rating, which is calculated based on a fund’s total returns, adjusted for risk and sales charges, relative to other funds in its Morningstar category.

Sectors The 13 bespoke category divisions are the result of combining various Morningstar GIF sec-

tors, so the funds listed are firstly a reflection of which styles have done well, secondly of which managers have been successful.

3-year vol This measurement is an annualised volatility of the fund over three years.

UK reg The ‘UK reg’ flag is based on Morningstar’s list of UK registered for sale funds.

Offshore/int’l funds 3-yr 3-yr Min init Curr Manager name Domicile Morningstar S&P Fd Forsyth UK Offshore bond % chg vol inv ($) Rating Rating Rating reg? platforms

MS INVF EEMEA Equity A � 90.5 23.3 0 � Morgan Stanley Invest Mgt Luxembourg �� A

Baring Eastern Europe $ 74.98 26.74 5,000 $ Baring Asset Management Ireland �� A AA Y FPI, Gen, Rsk, SLI

Invesco Pan Europe Struct Eq A 47.4 14.25 2,500 � Invesco Asset Mgmt Ireland Luxembourg �� AA Y

H&A Lux Equities – Value Inv B 42.78 16.87 7,132 � Hauck & Aufhäuser Inv Luxembourg �� AA

Axa WF Europe Small Cap A-C 40.04 18.37 0 � Axa Investment Mngrs Paris Luxembourg �� A Y

Vontobel European Value Eq A2 36.92 11.31 7,132 � Vontobel Fonds Services Luxembourg �� AA

Franklin Mutual Europe A Acc � 34.41 12.09 5,000 � Frank Temp Inv Fds (Sicav) Luxembourg �� AA Y

MFS Meridian Europe Value A1� 33.89 11.96 5,706 � MFS International Luxembourg �� AA

Allianz RCM Eurold Eq Gwth W � 30.71 15.48 14.26m � Allianz Global Investors Luxembourg �� AA Y

Nevsky Eastern European $ Inc 71.27 26.22 35,000 $ Nevsky Capital Ireland �� AAA AA FPI

Cominvest Fund Eurp EM Eqty P 62.04 25.03 1.43 � Cominvest Asset Mgt Luxembourg �� AA

HAIG MB Max Value 58.97 14.8 3,566 � Hauck & Aufhäuser Inv Luxembourg �� A

Berenberg Europe S&M Caps B 50.74 19 1.00 � Berenberg Lux Invest Luxembourg �� AA

HSBC GIF Euroland Eq SC AC � 43.79 20.31 1,426 � HSBC Investment Fds (Lux) Luxembourg �� A Y

Allianz-dit Small Cap Europa A 42.79 18.8 1.00 � Allianz Global Investors Luxembourg �� AA

JGF Jupiter European Opps L � 42.21 15.23 1,426 � Jupiter Asset Management Luxembourg �� AA Y

BGF European Growth A2 � 40.95 14.6 7,132 � BlackRock Global Funds Luxembourg �� A Y SLI

M’tin Currie GF Pan Eurp Alph � 40.95 17.2 7,132 � Martin Currie Investment Mgt Luxembourg �� A

Allianz RCM Europe Eq Gwth W 40.67 15.11 14.26m � Allianz Global Investors Luxembourg �� AA Y

Henderson HF Pan Europe Eq A2 40.07 12.62 3,566 � Henderson Global Investors Luxembourg �� AA AA Y

JPM Europe Dynamic A (D) – � 38.41 15.67 49,926 � JPMorgan AM (Europe) Luxembourg �� AA Y

Cazenove Pan Europe B Euro 37.32 12.91 7,132 � Cazenove Int’l Asset Mgt Ireland �� AAA Y

FF – Euro Blue Chip A Euro 36.65 15.23 3,566 � Fidelity (FIL (Luxembourg)) Luxembourg �� A Y FPI

BGF European A2 � 36 13.79 5,706 � BlackRock Global Funds Luxembourg �� A Y

Oyster European Opportunities � 35.75 14.62 1.00 � Banque Syz & Co Luxembourg �� A

Allianz RCM Best Styles Eurl I � 34.64 15.76 1.43m � Allianz Global Investors Luxembourg �� A

PF (Lux) SC Europe – P Cap 34.31 17.88 1,426 � Pictet Funds Luxembourg �� A

Principal GIF European Eqty Inc 33.63 15.58 10,000 $ Principal Global Investors Ireland �� AA FPI

JPM Europe Strat Gth A (D) – � 33.21 15.93 49,926 � JPMorgan AM (Europe) Luxembourg �� AA Y

Axa R’berg Eurobloc Eq Alpha A 32.85 15.59 1.43m � Axa Rosenberg Mgt Ireland Ireland �� AA Y

GAM Star European Eq � Acc 31.46 13.18 14,264 � GAM Fund Mgt (Ireland) Ireland �� AA Y

Fortis L Eqty Telecom Europe C 31.37 14.65 2,140 � Fortis Investments Luxembourg �� A

GS Europe Core Eq P’folio Base 31.26 13.84 2,140 � Goldman Sachs AM Int’l Luxembourg �� AAA Y

Data source: © 2008 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Performances have been calculated on a bid-to-bid, $, gross income basis. Volatility is expressed as standard deviation of 36 monthly total returns (bid-to-bid). The Morningstar Rating is calculated based on a fund’s total returns, adjusted for risk and sales charges, relative to other funds in its Morningstar Category. The Overall Morningstar Rating published here is based on a weighted average of a fund’s three-, five- and ten-year ratings, depending on the length of its record.

46 INTERNATIONAL ADVISER [www.international-adviser.com] OCTOBER 2008

Data supplied by including ratings by

Offshore bond platforms This shows which international life firms offer these funds in some kind of preferential way – either as a mirror fund or with lower charges on their non-portfolio bond platforms. Please note that on the open-architecture portfolio bond products offered by these firms, almost every fund would be available.

Bond platform key

Axa Axa Isle of Man CLI Canada Life International CMI Clerical Medical Int’l FPI Friends Provident Int’l Gen Generali International Hil Hansard International Hel Hansard Europe ILI Irish Life International OMI Old Mutual International NUI Norwich Union Int’l Pru Prudential Rsk Royal Skandia SkI Skandia Ireland SEI Scottish Equitable Int’l SLI Scottish Life International SMI Scottish Mutual Int’l SPI Scottish Provident Int’l Zur Zurich Int’l Solutions

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