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Newly AAA rated: five managers you should know about

Citywire Switzerland takes a closer look at the five managers who have recently earned an AAA rating.

This February five fund managers outperformed their peers, receiving AAA rating for the first time and surpassing average returns in sector.

The Citywire AAA rating is awarded to front-running portfolio managers who deserve recognition for their results. To qualify for a Citywire rating the fund manager has to demonstrate strong risk-adjusted performance over 36 months.

Here we take a closer look at the five managers who have picked up the rating this month in a diverse range of sectors including high yield, Asean equities, global equities and real estate.

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Mike Canter, AB

Fund managed: AB FCP I-Mortgage Income Portfolio

Mike Canter has earned his first AAA rating for the mortgage-focused strategy he runs together with Janaki Rao and Greg Wilensky.

The fund has 38% invested in collateralized mortgage obligations, with the biggest allocation on a regional level in the US (95%). The average credit quality of the holdings is BBB-.

The AB FCP I-Mortgage Income Portfolio fund returned 25.4% in Swiss franc terms over the past three years to the end of February 2017. Its technical indicator, the Lipper Global Alternative Credit Focus, returned 8.8% over the same timeframe.

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Chang Qi Ong, JPMorgan

Fund managed: JPM ASEAN Equity

=This Singapore-based fund manager, who runs the fund together with Pauline Ng and Sarinee Sernsukskul, is a country specialist for Philippines and Vietnam equities and a member of the Asean team with the emerging markets and Asia Pacific equities team at JP Morgan Asset Management.

The fund is overweight financials, consumer discretionary and energy with the top three positions Singapore Telecommunications, an Indonesian Bank Central Asia and a Singaporean banking services provider DBS. On the regional level ,the biggest country exposures are Singapore (28.6%), Indonesia (23.7%) and Thailand (22.4%).

The JPM ASEAN Equity returned 18.1% over the last three years in Swiss franc terms to the end of February 2017. Its benchmark MSCI AC ASEAN NR USD, returned 9.0% over the same timeframe.

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George Efstathopoulos, Fidelity International

Funds managed: Fidelity Funds - Gl MA Income, Fidelity Funds - Growth & Income

George Efstathopoulos was promoted to the role of co-manager in January 2015. Prior to joining the firm in 2011 he worked at Stamford Associates and Russell Investments.

In his Fidelity Funds - Growth & Income fund his biggest allocation to financial services (8.7%) followed by consumer defensive (4.7%) and healthcare (4.6%). The top three exposures are Fidelity ILF USD (2.13%), British American Tobacco (0.80%) and Fidelity ILF – EUR (0.79%).

His Fidelity Funds - Gl MA Income fund's top three holdings are Fidelity ILF – USD(2.38%), NB Global Floating Rate Income GBP(1.29%) Ord and iShares $ Corp Bond USD Dist (1.17%).

Fidelity Funds - Growth & Income returned 19.8% in Swiss franc terms over the past three years to the end of February 2017. Its technical indicator, LCI Mixed Asset USD Bal – Global, returned 22.7% over the same timeframe.

Fidelity Funds - Gl MA Income fund returned 25.6% in Swiss franc terms over the past three years to the end of February 2017. Its technical indicator, LCI Mixed Asset USD Bal – Global, returned 22.7% over the same timeframe.

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Torben Frederiksen, Nordea

Fund managed: Nordea 1 - European High Yield Bond Fund II

Frederiksen has been a portfolio manager at Nordea since January 2007 and started on the high yield strategy in 2011.

The biggest position of the fund at the moment is cash at 3%, followed by Dutch telecom company Altice (2.50%) and Japanese telecom company SoftBank Group (2.4%).

The dominant currency of the fund is euro with 75.2% of exposure, followed by British pound (17.8%) and US dollar (5.8%).

Nordea 1 - European High Yield Bond Fund II returned 5.8% in Swiss franc terms over the three years to the end of February 2017. Its technical indicator, BofA Merrill Lynch European Cur High Yield TR EUR, returned 0.3% over the same timeframe.

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Hugo Alexander, JPMorgan

Fund managed: JPM Global Socially Responsible

In the global equity space Hugo Alexander is producing high returns with his strategy focused on socially responsible companies.

The fund manager is responsible for the firm’s ethically constrained equity portfolios and has been working with JPMorgan since 1992.

The strategy invests two-thirds of its assets in high yield bonds with a long-term rating equal or lower than BB+. The biggest exposures in the fund are Alphabet (4.2%), Amazon.com (4%) and Apple (3.6%).

On the sectoral level the fund has the biggest overweights compared to benchmark to consumer discretionary, healthcare and cash. The biggest underweight of the fund is industrials.

JPM Global Socially Responsible returned 25.4% over the three years to the end of February 2017. Its Citywide-assigned benchmark, E Capital Ethical TR, returned 4.7% over the same timeframe.

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Related Fund Managers

George Efstathopoulos
George Efstathopoulos
19/50 in Mixed Assets - Balanced USD (Performance over 1 year) Average Total Return: 14.05%
Hugo Alexander
Hugo Alexander
134/347 in Equity - Global (Performance over 3 years) Average Total Return: 27.32%
Chang Qi Ong
Chang Qi Ong
2/7 in Equity - ASEAN (Performance over 3 years) Average Total Return: 18.61%
Pauline Ng
Pauline Ng
1/7 in Equity - ASEAN (Performance over 3 years) Average Total Return: 18.61%
Mike Canter
Mike Canter
Sarinee Sernsukskul
Sarinee Sernsukskul
Torben Frederiksen
Torben Frederiksen
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