Portfolio Adviser - Portfolio Adviser Magazine February 2022
PA Quality Funds
2022-02-14 12:19:43
The PA Quality Funds are a carefully filtered selection of premium funds from the whole universe available to UK-based investment advisers. These funds have undergone a series of quantitative and qualitative screens designed with the help of Morningstar and kept on a bespoke database.
Universe: Based on Morningstar’s ‘UK registered for sale universe’ of about 3,400 funds, split roughly evenly between UK-domiciled and oshore, funds must have FCA recognition and a three-year track record.
Investment categories: We have created distinct categories – the most commonly used by advisers for asset allocation decisions – and have consolidated all the relevant Morningstar Global Investment Fund sectors into them.
Quant and qual screens: Only funds with a five-star Morningstar rating appear. This represents the top 10% of funds based on three-year performance and volatility.
Finally, to be included in the PA Quality Funds listings, funds must have a qualitative rating. That is to say an independent ratings provider needs to have met with and evaluated the fund manager and team.
Data Source: © 2022 Morningstar, Inc. All Rights Reserved. The information contained on the statistics pages: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Performances have been calculated on a bid-to-bid, £, gross income basis. Volatility is expressed as standard deviation of 36 monthly total returns (bid-to-bid). Fund sizes are as reported by the management groups and the latest available to Morningstar. The Morningstar Rating is calculated based on a fund’s total returns, adjusted for risk and sales charges, relative to other funds in its Morningstar Category. The Overall Morningstar Rating published here is based on a weighted average of a fund’s 3-, 5-, and ten-year ratings, depending on the length of its record.
Data, including qualitative ratings, supplied by
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