The Edge-Lipper Singapore Awards

Transcription

1 The Edge-Lipper Singapore Awards

2 Lipper A Reuters Company Robin Thurston Vice President Global Director of Research, Media, and Marketing

3 Lipper What we believe in Independence Objectivity Suitability over performance finding funds that fit

4 Lipper Vision into reality To be renowned as the indispensable partner within the global investment community

5 Lipper Vision into reality To be renowned as the indispensable partner within the global investment community, contributing independent leading collective investment intelligence

6 Lipper Vision into reality To be renowned as the indispensable partner within the global investment community, contributing independent leading collective investment intelligence, to help more investors make better investments

7 Lipper Vision into reality To be renowned as the indispensable partner within the global investment community contributing independent leading collective investment intelligence to help more investors make better investments Collective Investment a new range of data Institutional Focus a new range of products Board Reporting a global expansion Retail Relevance Lipper Leaders

8 Lipper Research 2004 Review

9 Common Global Themes Standardization Is Other better? Flows and Asset trends Shift away from $-denominated assets Smaller Cap funds vs. Larger Cap funds Value funds vs. Growth funds

10 Shift away from $-denominated assets % Change vs USD in South Korean Won Swiss Franc Euro UK Pound Sterling Taiwan Dollar Indian Rupee Japanese Yen Singapore Dollar Thai Baht Malaysian Ringgit Indonesia Rupiah

11 How Did 2003 Performers Do In 2004? Lipper Global Fund Classifications Equity Thailand -0.7% 27.6% 137.0% -39.3% Equity Brazil 29.4% 109.4% Equity India 16.7% 27.9% 106.6% Equity Indian Sub-Continent 5.7% 30.3% 87.8% Equity German Sm&Mid Cap -24.8% 21.4% 85.2% Equity Indonesia 38.5% 36.6% 75.5% Equity Russia 30.0% 21.5% 69.4% Equity Asia Pacific Sm&Mid Cap 0.5% 12.2% 67.0% Equity Emerging Mkts Latin Am Equity Greater China -21.7% -9.2% 7.6% 36.3% 66.8% 66.3% 12/31/ /31/ /31/ % 0.0% 50.0% 100.0% 150.0% 200.0% Return

12 2004 Performers Lipper Global Fund Classifications Equity Austria Equity Belgium 12/31/ /31/ /31/ % 10.4% 45.6% 46.4% 59.4% 62.7% Equity Sector Real Est Europe 24.5% 45.3% 45.9% Equity Emerging Mkts Europe 22.8% 42.2% 60.1% Equity Emerging Mkts Other 6.9% 49.4% 41.5% Equity Indonesia 38.5% 36.6% 75.5% Equity Emerging Mkts Latin Am -21.7% 36.3% 66.8% Equity Sector Real Est Global 13.7% 39.3% 35.6% Equity Japan Sm&Mid Cap -12.9% 31.0% 61.8% Equity Indian Sub-Continent 5.7% 30.3% 87.8% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% Return

13 United States ETFs attracting record flows Trends in expenses Flows trends Fund launches focus on conservative choices Regulation

14 Fund Performance in 2004 Lipper Equity Investment Classification Performance in 2004 US DIVERSIFIED EQUITY Small-Cap Value Funds Mid-Cap Value Funds Small-Cap Core Funds Mid-Cap Core Funds Multi-Cap Value Funds Equity Income Funds Mid-Cap Growth Funds Large-Cap Value Funds Multi-Cap Core Funds Multi-Cap Growth Funds Small-Cap Growth Funds S&P 500 Index Objective Funds Large-Cap Core Funds Large-Cap Growth Funds Specialty Diversified Equity Funds Lipper Classification/Investment Objective SECTOR EQUITY Real Estate Funds Natural Resources Funds Utility Funds Telecommunication Funds Specialty/Miscellaneous Funds Financial Services Funds Health/Biotechnology Funds Science & Technology Funds WORLD EQUITY Latin American Funds Emerging Markets Funds European Region Funds Pacific Ex-Japan Funds Pacific Region Funds Japanese Funds China Region Funds Gold Oriented Funds Latin America 38% MIXED EQUITY Global Flexible Portfolio Funds Flexible Portfolio Funds Convertible Securities Funds Income Funds Balanced Funds Balanced Target Maturity Funds -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 2004 Return

15 How did last year s best performers do in 2004? Lipper Fund Classifications China Region Funds Latin American Funds 12/31/ /31/ /31/ % -20.5% 9.3% 38.4% 63.2% 62.8% Gold Oriented Funds -8.3% 63.0% 58.3% International Small/Mid-Cap Value -2.5% 23.2% 56.6% Science & Technology Funds -42.2% 4.1% 56.5% Emerging Markets Funds -5.1% 24.1% 55.5% International Small/Mid-Cap Growth -13.3% 24.7% 55.1% International Small/Mid-Cap Core -5.6% 25.4% 49.2% Global Small/Mid-Cap Growth -23.9% 19.8% 48.0% Pacific Ex Japan Funds -6.9% 16.5% 46.1% -60.0% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% Return

16 2004 Rankings of last year s winners 49 Total Classifications Classification Ranking and Fund Count Changes 2002 Count Change 2003 Count Change 2004 Count Change 2001 Count 2002 Rank 2003 Rank 2004 Rank China Region Funds Latin American Funds Gold Oriented Funds International Small/Mid-Cap Value Science & Technology Funds Emerging Markets Funds International Small/Mid-Cap Growth International Small/Mid-Cap Core Global Small/Mid-Cap Growth Pacific Ex Japan Funds

17 How did last year s top bond funds do vs. 2003? Lipper Classification/Investment Objective Emerging Markets Debt Funds 12.3% 30.3% High Current Yield Funds 9.9% 24.4% Multi-Sector Income Funds 8.4% 16.5% International Income Funds 10.5% 16.0% Global Income Funds 8.6% 13.8% Corporate Debt Funds BBB-Rated 5.1% 8.9% Treasury Inflation Protected Securities 7.8% 7.7% General Bond Funds 4.3% 7.1% Loan Participation Funds 3.8% 6.6% Flexible Income Funds 2.2% 5.2% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% Return

18 US Fund Expenses 2003 vs Category Asset Weighted Total Expense Ratio (2003) Basis Point Change Asset Weighted Total Expense Ratio (2004) All Funds.777% -0.3bp.774% World Equity Funds 1.861% -4.6bp 1.815% Sector Equity Funds 1.876% -3.8bp 1.838%

19 United States-Launches, Mergers, and Liquidations Open-End Classes of Shares, 2004* New Funds Mergers Liquidations Net Total Equities Fixed Income Money Markets Source: Lipper *From January 1, 2004 to December 14, 2004

20 United States- Flows and Assets Assets (In $Billion) As Of December 2004 Asset Class Inflows / Outflows Assets 1 Year 3 Years Current 1 Year Ago 3 Years Ago Bond , , Equity/Mixed Equity , , ,315.1 Money Market , , ,193.6 Total , , ,375.7 Source: Lipper

21 Singapore - Overview An international fund management hub and wealth management centre Increase in offshore investment funds being registered for sale, while Singapore-domiciled unit trusts see consolidation Standardization of regulations, investor education and offering value to investors are seen as critical success factors for industry

22 Singapore Growth of Singapore-domiciled funds No of CIS Funds AUM Source: Monetary Authority of Singapore / Lipper (2004) 0

23 Singapore Fund Expense Ratios 3.00% 2.70% 2.50% 2.00% 2.07% 1.98% 1.50% 1.34% 1.00% 1.07% 0.50% 0.43% 0.00% Bond Equity Source: Lipper / Fitzrovia (based on latest reported end Dec 2004) Guaranteed / Protected Hedge Mixed Asset Money Market

24 Singapore Launches and Liquidations Classes of Shares, 2004 Equities Fixed-Income Guaranteed/Protected Hedge Mixed-Asset Money-Market New Funds Liquidations Source: Lipper

25 General Information The Global Themes Study and all Research Can Be Downloaded at: Lipperweb.com or Reuters.com All Fund Award Information Can Be Found at: Lipperweb.com

26 The Edge-Lipper Singapore Fund Awards 2004 Funds registered for sale in Singapore as of 31st December 2004 At least 36 months of performance history as of 31st December 2004 (for the One-Year Awards, 12 months of performance history as of 31st December 2004 is needed.) Lipper Global classifications with at least five distinct portfolios, excluding residual classifications and institutional funds Asset classes: equity, bond, and mixed-asset

27 The Edge-Lipper Singapore Fund Awards 2004 Classification Awards Based on monthly data For 1-year awards, the highest total return within the Lipper defined sector determines the winner in the category. The winning fund must have a positive performance result covering assessment period For 3-year and 5-year awards, the highest Lipper Leader for Consistent Return value determines the fund classification winner over 3 or 5 years The 1-year awards are calculated on both a local currency and a Singapore Dollar basis. The 3-year and 5-year awards are calculated in Singapore dollar basis.

28 The Edge-Lipper Fund Awards Group Awards Fund groups with at least 3 distinct portfolios in one of the asset classes Equity, Bond or Mixed-Asset The lowest decile rank of the 3-years Consistent Return measure of the eligible funds per asset class and group will determine the asset class group award winner

29 The Edge-Lipper Fund Awards Group Awards Overall Group Award Fund groups with at least 3 distinct portfolios in Equity, Bond and Mixed-Asset Funds are eligible for the Best Overall Group award Best overall group will be given to the group with lowest average decile ranking of its respective asset class results

30 The Edge-Lipper Singapore Fund Awards Awards & Certificates All winning funds and groups will be awarded a certificate Funds or fund companies that have been awarded a Lipper Fund Award are authorized to use the Lipper Fund Awards Logo Singapore 2005 in their marketing or advertising materials

31 Lipper A Reuters Company Classification Awards

32 Best Fund over Three Years Bond Europe dit-europazins Bond Global Shenton Income SGD Equity Asia Pacific Ex Japan OCBC South East Asia SGD Equity Emerging Markets Global FTF-Emerging Markets A

33 Best Fund over Three Years Equity Euro Zone Schroder ISF EURO Equity A Acc Equity Europe Fidelity Funds European Growth Fund Equity Global Phillip Growth Equity Greater China HSBC GIF Chinese Equity AD

34 Best Fund over Three Years Equity Japan OCBC Japan Growth SGD Equity North America Fidelity Funds America Fund

35 Lipper A Reuters Company Classification Certificates

36 Best Fund over Three Years Bond Asia Pacific Schroder ISF Asian Bond A Acc Bond Emerging Markets Global ING (L) Renta Fund Emerging Mkts Debt (HC) Cap Bond Singapore Dollar OCBC Singapore Fixed Income Investment A Equity Asia Pacific Phillip Asia Pacific Growth

37 Best Fund over Three Years Equity Europe ex UK INVESCO European Equity Core A Equity Malaysia and Singapore OCBC Singapore/Malaysia SGD Equity Sector Banks and Other Financials United Global Capital Fund Equity Sector Information Technology United EuroTech Fund

38 Best Fund over Three Years Equity Sector Pharmaceuticals and Health Care United Global Healthcare Fund Equity Singapore Shenton Thrift Equity UK INVESCO UK Equity A

39 Best Fund over Three Years Mixed Asset EUR Balanced - Europe Fidelity Funds Euro Balanced Fund Mixed Asset SGD Balanced AIG Intl Funds Acorns of Asia Balanced

40 Best Fund over One, Five and Ten Years Classification Certificates over one, five and ten years:

41 Lipper A Reuters Company Group Awards

42 Asset Class Group Awards Best Bond Group HSBC Asset Management Best Equity Group Phillip Capital Management