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Morningstar Announces Winners Of 2012 Morningstar® Canadian Investment Awards

Stocks in this article: MORN

TORONTO, Nov. 29, 2012 /CNW/ - Morningstar Research Inc., a Canadian subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced the winners of the 2012 Morningstar® Canadian Investment Awards. This year's awards gala, held last night in Toronto, marked the 18 th edition of Canada's premier annual awards event for the investment industry.

The evening honoured companies and individuals that Morningstar believes have made a difference in the lives of investors through superior investment products, service, marketing, and education. Chief correspondent of CBC News, Peter Mansbridge, served as host to the more than 500 guests in attendance.

The awards encompass a wide range of investment products, including mutual funds, pooled funds, and hedge funds. Additional awards recognize outstanding individual managers, career achievement, discount brokerage, and marketing. The awards program represents the year-long evaluation efforts of dozens of firms, analysts, and expert jury members.

The Morningstar Canadian Investment Awards winners are:

Morningstar Domestic Equity Fund Manager of the Year Winner: Oscar Belaiche, GCIC Ltd.

" Oscar Belaiche has been able to replicate his approach of buying quality businesses at a reasonable price in both small-cap and equity-income funds with great success," said Salman Ahmed, associate director of fund analysis for Morningstar Canada. "He has also done so while giving investors a smooth ride. For example, over the last five years, the returns for Dynamic Small Business rank among the top of the category while its absolute volatility metric ranks the lowest."

Morningstar Foreign Equity Fund Manager of the Year Winner: David Ragan, Mawer Investment Management Ltd.

"What sets David Ragan, and for that matter, all of Mawer's equity funds apart is the thoroughness of the investment process," Ahmed said. "Each part of the process is carefully thought out, whether it's the idea generation, research process, or portfolio construction, to ensure that the stock ideas go through numerous stages. The proof is in the pudding. If you look at the performance of David's the fund since David became co-manager in 2007, and then lead manager in 2010, the fund has consistently been a top quartile performer."

Morningstar Fixed-Income Fund Manager of the Year Winner: PH&N Fixed Income Team, RBC Global Asset Management Inc.

"The fixed-income team's funds have consistently been top performers in both the core and high-yield category," Ahmed said. "They've achieved this by using different levers, such as duration, curve, and credit, to their advantage. But what has impressed us the most is the team's ability to understand and manage the risks in their portfolios."

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