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
UK 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 ($) Rating Rating Rating reg? platforms
Axa Rosenberg UK Eqty Alpha A 38.28 13.24 1.39m £ Axa Rosenberg Mgt Ireland Ireland ★★★★ A Y
Pan-European markets equity
Offshore/int’l funds 3-yr 3-yr Min init Curr Manager name Domicile Morningstar S&P Fd Forsyth UK Offshore bond
% chg vol inv ($) Rating Rating Rating reg? platforms
Baring Eastern Europe $ 159.67 25.07 5,000 $ Baring Asset Management Ireland ★★★★★ A AA Y FPI, Gen, Rsk, SLI
MS INVF EEMEA Equity A € 147.93 21.78 0 € Morgan Stanley Invest Mgt Luxembourg ★★★★★ A Y
Axa WF European Small Cap A-C 75.98 17.71 0 € Axa Luxembourg ★★★★★ A Y
H&A Lux Equities – Value Inv B 67.1 16.29 7,878 € Hauck & Aufhäuser Inv Luxembourg ★★★★★ AA
JPM Europe Dynamic A (D) – € 64.42 14.85 55,144 € JPMorgan AM (Europe) Luxembourg ★★★★★ AA Y
Oyster European Opp € 61.04 14.23 1.00 € Banque Syz & Co Luxembourg ★★★★★ A
Axa Ros’berg Eurobloc Eq Alp A 56.42 15.05 1.57m € Axa Rosenberg Mgt Ireland Ireland ★★★★★ AA Y
FF European Growth A Euro € 53.88 14.32 3,939 € FIL (Luxembourg) Luxembourg ★★★★★ AA Y Gen, Hil, Hel, SLI
FF MoneyBuilder Europe A Euro 53.08 13.88 3,151 € FIL (Luxembourg) Luxembourg ★★★★★ A
Franklin Mutual Europe A Acc € 51.81 11.6 5,000 € Frank Temp Inv Fnds (Sicav) Luxembourg ★★★★★ AA Y
MFS Meridian Europe Value A1€ 51.2 11.89 6,302 € MFS International Luxembourg ★★★★★ AA Y
Carnegie European Equity 1A € 51.05 13.41 7,878 € Carnegie Fund Mgt Co Luxembourg ★★★★★ AAA
CS EF (Lux) Eastern Europe B 150.07 23.73 1.00 € Credit Suisse AM Funds Luxembourg ★★★★ A
Nevsky Eastern European $ Inc 146.23 25.02 35,000 $ Nevsky Capital Ireland ★★★★ AAA AA FPI
BGF Emerging Europe A2 € € 139.26 25.3 7,878 € BlackRock Investment Mgt Luxembourg ★★★★ AAA AA Y
Cominvest Fd Eurp Em Mkt Eq P 133.03 23.84 1.58 € Cominvest Asset Mgt Luxembourg ★★★★ AA
Berenberg Europe S&M Caps B 81.35 18.45 1.00 € Berenberg Lux Invest Luxembourg ★★★★ AA
HAIG MB Max Value 79.86 14.49 3,939 € Hauck & Aufhäuser Inv Luxembourg ★★★★ A
Allianz-dit Small Cap Europa A 75.49 18.21 1.00 € Allianz Global Investors Luxembourg ★★★★ AA
HSBC GIF Euroland Eq SC AC € 72.51 19.64 1,576 € HSBC Investment Fds (Lux) Luxembourg ★★★★ A Y
Martin Currie GF Pan-Euro Opp Y 68.75 19.13 7,878 € Martin Currie Investment Mgt Luxembourg ★★★★ AA Y
BGF European Growth A2 € 67.86 13.51 7,878 € BlackRock Investment Mgt Luxembourg ★★★★ A Y SLI
Fortis L Eq Small Cap Europe C 63.51 18.39 3,939 € Fortis Investments Luxembourg ★★★★ A
FF Euro Blue Chip A Euro 62.09 14.26 3,9389 € FIL (Luxembourg) Luxembourg ★★★★ A Y FPI
AIG Europe Small Companies Y 61.49 18.36 1m $ AIG Investments Fund Mgt Ireland ★★★★ AA Y
Allianz RCM Europe Eq Gth W 58.91 14.99 15.75m € Allianz Global Investors Luxembourg ★★★★ AA Y
M’tin Currie GF Pan Eurp Alpha € 58.25 17.07 7,878 € Martin Currie Investment Mgt Luxembourg ★★★★ A Y
Invesco Pan Europe Struc Eq A 57.95 14.14 2,500 € Invesco Asset Mgt Ireland Luxembourg ★★★★ AA 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.
42 INTERNATIONAL ADVISER [www.international-adviser.com] AUGUST 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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