The IA Quality Funds
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
OBSR 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.
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.
QUALITY FUNDS
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
360˚ Royal London 360˚
Rsk Royal Skandia
SkI Skandia Ireland
SEI Scottish Equitable Int’l
SMI Scottish Mutual Int’l
Zur Zurich Int’l Solutions
Data source: © 2009 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, $, gross income basis. Volatility is
expressed as standard deviation of 36 monthly total returns (bid-to-bid). The Morningstar Rating is calculated based on a fund’s total returns, adjusted for risk and sales charges, relative to other funds in its Morningstar Category. The Overall Morningstar Rating
published here is based on a weighted average of a fund’s three-, five- and ten-year ratings, depending on the length of its record.
UK equity
Offshore/int’l funds 3-yr 3-yr Min init Curr Manager name Dom Morningstar S&P Fd OBSR Morningstar UK Offshore bond
% chg vol inv ($) Rating Rating Rating Qual Rating reg? platforms
JOHCM UK Growth £ Retail -18.87 26.21 1,647 £ JO Hambro Capital Mgt Ireland ���� AA Elite Y
Pan-European markets equity
Offshore/int’l funds 3-yr 3-yr Min init Curr Manager name Dom Morningstar S&P Fd OBSR M’star UK Offshore bond
% chg vol inv ($) Rating Rating Rating Qual Rating reg? platforms
LuxTopic – Aktien Europa 14.58 25.1 3,507 � DJE Investment Lux ����� Standard
DJE-Dividende & Substanz P 5.38 21.6 1,403 � DJE Investment Lux ����� Superior
EDM International Strategy -0.9 20.66 0 � EDM Servicios Financieros Lux ����� Standard
Invesco Pan Europe Struct Eq A -3.95 22.43 1,500 � Invesco Global Asset Mgt Lux ����� AA Superior Y
Fonditalia Euro Defensive -4.82 23.15 7,013 � Fideuram Gestions Lux ����� Standard
BGF European Focus A2 � -5.86 26.97 N/S � BlackRock Global Funds Lux ����� AA A Standard Y
Henderson HF Pan Europe Eq A2 -8.63 23.16 3,507 � Henderson Global Investors Lux ����� AA AA Y
BGF Euro-Markets A2 � -10.68 27.95 7,013 � BlackRock Global Funds Lux ����� AA Y
BL-Equities Europe -11.35 21.96 3,507 � Banque de Lux Lux ����� Standard
BNY Mellon Pan Europe Eq A $ -12.68 25.15 5,000 $ BNY Mellon Asset Mgt Ireland ����� A Y SLI
Cazenove Pan Europe B Euro -13.18 22.61 7,013 � Cazenove Int’l Asset Mgt Ireland ����� AAA Y
Carmignac Grande Europe A -13.8 24.25 1.00 � Carmignac Gestion Lux ����� Standard
Nevsky Eastern European $ Inc -14.29 40.86 35,000 $ Nevsky Capital Ireland ����� AAA AA
MFS Meridian Eurpn Value A1� -14.72 22.61 5,611 � MFS International Lux ����� AA
Allianz RCM Eurold Eq Gwth W � -15.21 28.05 14.03m � Allianz Global Investors Lux ����� AA Y
Franklin Mutual Europe A Acc � -15.36 21.87 7,013 � Frank Temp Inv Fnds (Sicav) Lux ����� AA A Elite Y
ING (L) Inv Euro High Div PC -21.08 25.42 0 � ING Investment Mgt Lux Lux ����� AA Superior
Fortis L Eqty Telecom Europe C 0.18 22.56 2,104 � Fortis Investments Lux ���� A
Comgest Europe -6.88 18.76 18,390 SFR Comgest Lux ���� A Elite Y
Comgest Growth Europe -6.91 18.26 14,026 � Comgest Asset Mgt Int’l Ireland ���� A Elite Y
BGF European Growth A2 � -13.47 25.29 N/S � BlackRock Global Funds Lux ���� A Y SLI
Fonditalia Euro Cyclicals -15.04 30.35 7,013 � Fideuram Gestions Lux ���� Standard
BGF European A2 � -15.16 25.78 N/S � BlackRock Global Funds Lux ���� AA Superior Y
JGF Jupiter European Opps L � -15.27 24.4 1,403 � Jupiter Asset Management Lux ���� AA Y
Allianz RCM Best Styles Eurl I � -16.43 28.7 1.4m � Allianz Global Investors Lux ���� A
Aviva Inv SFP Europe Eq A Acc -17.41 24.26 2,805 � Aviva Investors Lux Lux ���� A Y
Schroder ISF Europe Spec Sits A -17.85 25.02 1,403 � Schroder Invest Mgt (Lux) Lux ���� AA Superior
GAM Star European Eqty � Acc -19.32 22.54 14,023 � GAM Fund Mgt (Ireland) Ireland ���� AAA Y
Pioneer Fds Euroland Eq E � ND -20.18 26.07 50 � Pioneer Asset Management Lux ���� A Standard
AUGUST 2009 [www.international-adviser.com] INTERNATIONAL ADVISER
39
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