2021 Morningstar Fund Awards Korea Winners Announced

SEOUL, 2 March 2021—Morningstar Korea, Ltd., a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced the winning funds and fund houses for its 2021 Morningstar Fund Awards Korea.

The annual Morningstar Korea Fund Awards recognise retail funds and fund houses that have added the most value for investors within the context of their relevant peer group in 2020 and over longer time periods. Morningstar selects the winners using a quantitative methodology, along with a qualitative overlay. Weightings to one-, three-, and five-year risk-adjusted performance are factored into the methodology.

Jungtae Chae, Chief Executive Officer for Morningstar in Korea, said: ”The market volatility resulting from the pandemic in 2020 highlighted the importance of investors staying the course and maintaining perspective. The 2021 Morningstar Fund Awards winners stand out for their ability to serve the best interests of investors and deliver excellent returns over the longer term. We applaud all winners for their outstanding achievements.”

Andy Seunghye Jung, Morningstar’s Director of Manager Research in Korea, remarked: “After a year of exceptional market performance, global financial markets are increasingly pricing in a strong economic rebound this year. Combined with an elevated risk appetite, investors are advised to be mindful of stretched asset valuations and risk of a market pullback. This year’s winners demonstrated their abilities to navigate through turbulent times and delivered competitive long-term results for investors.”

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The winners of the 2021 Morningstar Fund Awards Korea are:

FUND CATEGORY AWARDS

WINNERS

Best Korea Large-Cap Equity Fund

DAISHIN KOSPI200 Index Feeder Fund C-e

Best Korea Small/Mid-Cap Equity Fund

Samsung Mid&Small Focus Equity 1 S

Best Korea Bond Fund

Kyobo AXA Tomorrow LT Gilt Bond Fund K-1 A

Best Korea Cautious Allocation

SH Retirement Pension Tops Value 40 Feeder [Bond Balanced] C1

Best China Equity Fund

ASSETPLUS China Richtogether Pension Fund1(Equity) S-P

FUND HOUSE AWARDS

WINNERS

Best Korea Equity Fund House

KTB Asset Management

Best Korea Bond Fund House

Shinhan Asset Management

Best International Equity Fund House

ASSETPLUS INVESTMENT MANAGEMENT Co.,LTD.

Notes to Editors:

The Morningstar fund category awards are based on Morningstar fund data as of 31 December 2020. The awards methodology emphasises the one-year period, but funds must also have delivered strong three- and five-year returns after adjusting for risk within the awards peer groups in order to obtain an award. In selecting winners, fund returns are adjusted for risk using the Morningstar Risk, a measure which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility. For the full methodology, please click here.

About Morningstar, Inc. and Morningstar Korea, Ltd.

Morningstar Korea, Ltd. 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 about $215 billion in assets under advisement and management as of Sep 30, 2020. The company has operations in 29 countries.

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Morningstar expanded to Asia in April 2000 and has grown its businesses into Japan, Korea, India, mainland China, Taiwan, Singapore, Thailand, and Hong Kong. The Asia operations not only offer timely information on mutual funds, but also insightful and independent analyses, unbiased fund ratings, and sophisticated analytical tools to help both individual and professional investors make better investment decisions.

©2021 Morningstar, Inc. All Rights Reserved.

Media Contact:

Andy Seunghye Jung, +82 2 3771 0730 or andy.jung@morningstar.com


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