India-based ICICI Prudential was honoured with the Best Fund Group Overall and the Best Bond Fund Group in the Gulf region in recognition of its strong risk-adjusted performance and returns. Other award winners on the night included Russell Investments, a leading US fund manager, India-based HDFC and Saudi Arabia’s National Commercial Bank.
In addition to the group awards, trophies were also presented to 31 individual fund award winners. 20 of these winners were funds with no faith based investment restrictions, while 11 winners were managing their funds based on Islamic investment guidelines. Please click here for details of all award winners.
“Congratulations go to all of the winners. 2011 posed challenges throughout the fund industry, but despite these conditions, the award winners have consistently delivered strong risk-adjusted returns and superior performance relative to their peers. The Lipper Fund Awards are based on a rigorous methodology and we are proud to recognise the best funds and fund groups in the Gulf for their achievements,” Detlef Glow, Head of Lipper EMEA Research, Thomson Reuters said.
The Gulf Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global group of prestigious awards that highlight exceptional performance by regional investment firms.
The Thomson Reuters Awards for Excellence include the Lipper Fund Awards, the Extel Survey Awards, the IFR Awards, the PFI Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings.