Morningstar’s UK Awards For Investing Excellence are back.
Today, we reveal all the nominees for our 2025 Awards ceremony, which will take place on Thursday Mar. 20 at 6pm at Rose Court, 2 Southwark Bridge Road, London SE1 9HS.
The objective of the Morningstar Awards for Investing Excellence program is to recognize funds and asset managers that have not only delivered strong risk-adjusted returns but are also deemed capable of serving investors well going forward.
As in previous years, two types of Morningstar Award are up for grabs: the Morningstar Category Award, and the Morningstar Asset Manager Award.
The first recognizes excellence in specific Morningstar categories—for instance Best GBP Bond Fund—while the second recognizes parent companies with strong-performing lineups on a risk-adjusted basis, and which show resolute focus in serving investors.
This year we have 15 category nominees and three nominees for a Best Asset Manager Award. They are listed below.
Join us on Thursday Mar. 20 at for the full awards ceremony! To RSVP to the event, please follow this link.
UK Fund Awards Methodology Explained
Morningstar selects its UK Fund Award winners using a combination of past performance and risk.
Only funds recorded in the Morningstar database as available for sale in the UK are eligible to receive a Morningstar Award.
To select award winners, a quantitative score is first used to rank funds based on their past record. These awards are annual, so winning funds must have been in the top of their peer group in the last calendar year.
It would be inappropriate to hand awards to funds that have solely posted strong one-year returns, so they must have also delivered strong three- and five-year relative returns after adjusting for risk. They must also have been in the top half of their peer group median in at least three of the past five calendar years—unless Morningstar analysts believe a fund has exceptional merit that this performance consistency fails to capture.
Insurance funds and investment trusts are excluded from the process. So too are currency-hedged share classes of funds, unless they are in a category specifically for currency-hedged funds and share classes. All funds or share classes in unrated Morningstar categories are excluded.
Wherever possible, we use Morningstar’s forward-looking rating for funds—the Morningstar Medalist Rating—including its Parent Pillar component, which assesses parent companies’ capacity management, risk management, recruitment and retention, and the relationship between pay incentives and performance. Each Pillar (Process, People, and Parent) is summarized with either a Low, Below Average, Average, Above Average, or High rating.
As the summary expression of Morningstar’s investment strategy analysis, the Morningstar Medalist Rating relies on qualitative analysis or algorithmic techniques that mimic analyst decision making—or a combination of both—to assign Pillar ratings. Ratings are set on a five-tier scale running from Gold to Silver, Bronze, Neutral, and Negative at the share class level.
For actively managed funds, Morningstar assigns Gold, Silver, and Bronze ratings to strategies expected to add value or “positive alpha” over the long-term compared with their Morningstar Category index after accounting for fees and risk.
For passive strategies, Morningstar assigns Gold, Silver, and Bronze ratings to vehicles expected to deliver alpha that exceeds the lessor of their category median net alpha, or zero, over the long term.
Mathieu Caquineau, CFA, and Wing Chan contributed to this article
The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.
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