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| Awards for ICICI Pru. AMC |
India-based ICICI Prudential AMC 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.
Thomson Reuters Gulf Lipper Fund Awards
2012 Winners
ICICI Prudential AMC - Best Fund Group Overall
ICICI Prudential AMC - Best Bond Fund Group
Russell Investments - Best Equity Fund Group
HDFC - Best Mixed Assets Group
National Commercial Bank - Best Equity Fund Group Islamic Funds
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.
Mr. Detlef Glow, Head, Lipper EMEA Research, Thomson Reuters said: “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.”
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.
About Lipper..!
Lipper, a Thomson Reuters company, provides independent insight on global collective investments including mutual funds, retirement funds, hedge funds, fund fees& expenses to the asset management and media communities.
Lipper is the world's leading fund research and analysis organization, covering above 2,31,000 share classes and over 122,000 funds in 61 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
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 & accounting, health care and science & 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 55,000 people and operates in over 100 countries.
For more information, go to www.thomsonreuters.com .
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