Newly AAA-rated Bassam Osman is making the case that investing with an ethical tilt does not necessarily mean sacrificing returns.
His Allied Asset Advisors Iman fund buys only Islamic-compliant investments and over three years he is ahead of both the Dow Jones Islamic Markets Index and the average manager in the broader multi-cap growth sector.
On a risk-adjusted basis he is the top-rated manager in the peer group and based on total returns ranks in the top quartile, 31 out of 198. Holdings in blue chip tech stocks such as Amazon, Apple, Alphabet and Microsoft have helped drive recent performance.
- Sector manager ratio: 0.86
- For three years he ranked 1/86
Another investor to score an AAA rating this month is veteran global stocks manager Frank Jennings.
The manager of the $5.2 billion Oppenheimer Global Opportunities fund has shot the lights out over the past three years with by far the best return in the Equity Global Small/Mid Cap sector. Returning 56.5%, he has a sizeable lead on his closest competitor – the Morgan Stanley Institutional Global Discovery Portfolio (45.4%) – and has left the average manager (16.6%) in the dust.
Jennings has also limited maximum drawdown to just 13.1%, bettered by just six out of 32 funds in the sector.
- Sector manager ratio: 0.87
- For three years he ranked 2/38
In at A
After three years of managing the Deutsche Core Fixed Income fund, Thomas Farina has entered our rankings at the first available opportunity with an A rating.
Farina is ahead of both his peers and the benchmark, returning 8.3% versus 7.3% and 7.8% respectively.
In a crowded and competitive category, Farina’s fund – which he co-manages with fellow first-time A-rated manager Gregory M Staples – is holding its own, ranking in the top quartile for both total and risk-adjusted returns over a three-year period.
- Sector manager ratio: 0.13
- For three years he ranked 38/131