RBC Bluebay has been named the top asset manager in Luxembourg, clinching the prestigious 2024 Morningstar Award for Investing Excellence. The British-Canadian firm emerged victorious in the fiercely competitive best asset manager category, outperforming Artisan Partners and Legal & General.
Impax was awarded the title of best asset manager for sustainable investing, a nod to the firm’s outstanding efforts in integrating environmental, social, and governance (ESG) considerations into their investment strategies. Impax, which handles some 46 billion euro in assets, managed to surpass Comgest and Robeco, the latter having won the award in the previous year, to secure this accolade.
The award ceremony, held at the Scheiss Cultural Centre, saw various investment houses being honoured for their excellence in different categories. Despite not winning the top asset manager award, Artisan Partners did not leave the event empty-handed. The firm’s Artisan Global Value A USD Acc fund was awarded the title of Best Global Equity Fund, owing to its exemplary performance.
Brandes European Value A Euro fund by Brandes European secured the Best Europe Equity Fund category award, highlighting the firm’s proficiency in European equity markets. Meanwhile, Vanguard’s innovative approach to asset allocation was recognised with its Vanguard LifeStrategy 60% Eq ETF EUR Acc fund winning the Best EUR Allocation category.
RBC Blue also wins in Belgium
RBC Bluebay, which has some 149 billion in assets under management, further solidified its leading position by also winning the Best EUR Bond Fund category with its BlueBay Investment Grade Bd B EUR fund, demonstrating its expertise in the bond market.
It’s the second win for RBC Bluebay in the Benelux in 24 hours. On Wednesday, the firm RBC BlueBay emerged as the big winner of the Morningstar Awards Belgium 2024, being named best asset manager and winning an award with its BlueBay Investment Grade Bond Fund in the eurobond category.
Morningstar introduced a revised methodology for the 2024 awards, combining its analyst and quantitative rating systems into a single, unified Morningstar Medalist Rating. The new approach is designed to be more forward-looking, taking into account not only historical performance but also additional data and information to assess the likelihood of sustained future performance.
Next Thursday, the winners of the Morningstar Awards for the Netherlands will be announced.