Hong Kong, February 20, 2006 – The South China Morning Post Fund Manager of the Year Awards 2005 today acknowledged the top performing funds and their respective fund managers, covering different global markets and all asset classes.
The investment funds award was organised by the South China Morning Post in association with Standard & Poor’s Fund Services and sponsored by American International Assurance.
In the leading group awards, which evaluate the overall performance of fund management groups, Fidelity Investments Management (Hong Kong) Limited took the honour for the 3-year, 5-year and 10-year categories – the first time a single house has won all three top awards since the 15 year history of the event.
Among the other awards, from a pool of more than 1,950 retail market-oriented funds registered for sale, 70 winners were recognised from a total of 29 sectors.
Frederick Ma, Secretary for Financial Services and the Treasury of HKSAR Government, was the guest of honour at the Awards presentation ceremony and presented the award certificates to the major winners.
"The huge success of the Funds Awards highlights how important the fund management business has become in Hong Kong, and underlines Hong Kong’s position as the leading centre for asset management in Asia," said Mr. Surinder Kathpalia, managing director of Standard & Poor’s. "Asia holds a third of the world’s wealth today, and pension assets in the region are expected to triple over the next decade, representing a staggering pool of investible funds", he added.
The South China Morning Post Fund Manager of the Year 2005 was assessed using a methodology known as Relative Risk-Adjusted Ratio as was the case last year. This calculation evaluates the performance of a fund and the consistency of that performance relative to other funds in its peer group sector, and is used for all investment funds awards S&P conducts around the globe.
About South China Morning Post Publishers Limited
The company publishes the South China Morning Post and the Sunday Morning Post, Asia’s premier English language daily and Sunday newspapers with the highest circulations of any English language newspaper in Hong Kong.
The South China Morning Post is a leading commentator on Greater China and is widely read by government officials, business people, professionals and academics. According to the Nielsen Media Index 2005 Mid-Year Report, the paper has 95% of the English language newspaper readership in Hong Kong. Its current ABC audited circulation figure stands at 103,964 for the period from January to June 2005.
The South China Morning Post produces scmp.com, an award-winning subscription-based web site which offers a global audience access to the editorial content of the print edition, plus breaking news updates throughout the day, e-newsletters, news in traditional and simplified Chinese, podcasts, vidcasts, online business travel guides and news on PDA.
The South China Morning Post is also the market leader for display and recruitment advertising. Classified Post has long been the premier recruitment tool in Hong Kong and is an acknowledged economic indicator, covering every industry sector from Accounting and Finance to Technology, Construction, Marketing, Tourism, Education and many more. The company also produces Jiu Jik, a Chinese language recruitment magazine aimed at a younger audience and distributed exclusively at all MTR stations every Tuesday and Friday.
The South China Morning Post receives constant recognition for its editorial and technical capability. Awards won in the last 12 months include five category wins for excellence from the Society of Publishers in Asia Editorial Awards, two category wins for excellence in printing and picture reproduction from PANPA, 13 winners and runners-up for journalism and photography at the Hong Kong News Awards, two design awards from IFRA and two in the Society for News Design’s 26th Best of Newspaper Design Competition and one category win and five merits in the 10th Annual Human Rights Press Awards.
South China Morning Post Publishers Limited is a wholly-owned subsidiary of SCMP Group Limited. Through other subsidiaries, SCMP Group Limited is also involved in the publication of magazines, books, book retailing, commercial and business video production and property investments. SCMP Group’s shares are listed on The Stock Exchange of Hong Kong Limited.
About Standard & Poor’s
Standard & Poor’s Fund Services tracks the performance of over 132,000 institutional, pension, insurance, and mutual funds worldwide. With 400 professionals in 13 countries who track and analyze funds, Standard & Poor’s Fund Services is the world’s leading provider of mutual fund information and analysis.
Standard & Poor’s is the world’s foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 6,300 employees located in 20 countries and markets, Standard & Poor’s is an essential part of the world’s financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions.
For more information, visit www.standardandpoors.com.
| Amanda Turnbull
South China Morning Post
Tel: (852) 2250 3130
Fax: (852) 2565 2429
| Geoff Breusch
Standard & Poor’s
Tel: (65) 6239 6378
Fax: (65) 6438 2320