Thomson Reuters Announces Gulf Lipper Fund Awards 2010 Winners

Thomson Reuters Announces Gulf Lipper Fund Awards 2010 Winners

HDFC won the Best Fund Group Overall award. Individual award winners include Black Rock, Franklin Templeton and Reliance Capital

March 31, 2010 12:44 by Ben Flanagan

The winners of the Gulf Lipper Fund Awards 2010 were announced by Thomson Reuters at a ceremony in Dubai last night.

HDFC won the Best Fund Group Overall award. The full list of Group trophy winners include:

Winner	Group Award
HDFC	Best Fund Group Overall
ICICI Prudential	Best Bond Fund Group
Russell Investment Group	Best Equity Fund Group
UTI	Best Mixed Assets Group

Individual award winners include Black Rock with 14, Franklin Templeton with 12 and Reliance Capital with eight. A complete list can be found below.

Dunny Moonesawmy, Lipper’s head of research for Western Europe, Middle East and Africa at Thomson Reuters said: “We are thrilled to honor the best fund groups in the Gulf. Finding first rate companies to manage client assets is an important concern amongst investors and the Lipper Fund Awards recognize the groups that are the best in producing consistent and superior results relative to their peers.”

The Gulf is one of the 23 regions and countries covered by Lipper’s program of 2010 fund awards and are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community.

About the Thomson Reuters Awards for Excellence:

The Thomson Reuters Awards for Excellence include the Lipper Fund Awards, the Lipper Hedge Fund Awards, the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, contact markets.awards@thomsonreuters.com or visit excellence.thomsonreuters.com.

About Thomson Reuters:

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange and New York Stock Exchange. For more information, go to thomsonreuters.com.

Notes to Editors

In calculating the awards, Lipper considered all those funds registered for sale in the Gulf, classifying both offshore and domestic funds together. Awards were given to funds with a 3, 5 and 10 year history as at the end of the evaluation year in equity, bond and mixed-asset Lipper Global Classifications with at least five distinct portfolios. Both group and fund awards were calculated using Lipper’s Consistent Return score. A more detailed Fund Awards Methodology can be found at excellence.thomsonreuters.com/lipper.
Lipper, a Thomson Reuters company, provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees and expenses to the asset management and media communities. Lipper is the world’s leading fund research and analysis organization, covering over 204,523 share classes and over 113,260 funds in 60 registered for sale (RFS) universes. It provides the free Lipper Leader ratings for mutual funds registered for sale in over 30 countries. Additional information is available at www.lipperweb.com.
Lipper Fund Awards designations do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. As a result, investors should not make an investment decision on the basis of this information. Lipper Fund Awards designations are for informational purposes only. Lipper is not responsible for the accuracy, reliability or completeness of the information obtained from Lipper. In addition, Lipper will not be liable for any loss or damage resulting from information obtained from Lipper or any of its affiliates. Past performance is not necessarily a guide to future performance and investors should remember that past performance is not a guarantee of future results.