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Portfolio > Mutual Funds > Equity Funds

Lipper Names Top Fund Managers of 2017

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Thomson Reuters Lipper called out fund managers across the industry for excellence on Thursday, as part of its 2017 U.S. Fund Awards.

While a variety of groups received group awards for their overall performance in three-, five- and 10-year performance — including Vanguard and TIAA/Nuveen — a number of groups stood out for dominating certain fund categories.

American Funds, for instance, won 24 Lipper awards for its American Funds Target Date Retirement Series in the three- and five-year list of mixed-asset target funds for 2010-2055+ and other offerings.

“We congratulate American Funds for capturing awards in every target date fund category,” said Robert Jenkins, global head of research for Thomson Reuters Lipper, in a statement. “Their New Perspective Fund, EuroPacific Growth Fund, Small-Cap World Fund, and American Funds Target Date Retirement Series demonstrate the superior risk-adjusted returns we honor.”

According to American Funds, its retirement funds’ glide path aims to give investors exposure to income-oriented equities with track records of lower volatility.

“We designed our glide path to meet the dual goals of building and preserving wealth for investors,” said Matt O’Connor, president of American Funds Distributors, in a statement. “It’s not just how much equity we hold in our target date series — it’s what kind.”

In the 10-year category of mixed-asset target funds, T. Rowe Price was the big winner for its 2010-2040 funds and its T. Rowe Price Capital Appreciation Fund, the standout in the target date growth category over a 10-year period.

Group Awards

The fund families capturing Lipper Group Awards are as follows:

  • Best overall fund group, large: TIAA Investments/Nuveen
  • Best overall fund group, small: Thrivent
  • Best equity fund group, large: Vanguard
  • Best equity fund group, small: PrimeCap
  • Best fixed-income fund group, large: Morgan Stanley
  • Best fixed-income fund group, small: Westcore
  • Best mixed-asset fund group, large: TIAA Investments/Nuveen
  • Best mixed-asset fund group, small: Thrivent


“We at Thomson Reuters Lipper would like to congratulate all of the 2017 award winners for successfully navigating the unexpected twists and turns of the 2016 capital markets. Once again we are proud to recognize the outstanding skill and expertise put forth by these managers to deliver outperformance for their shareholders,” said Robert Jenkins, global head of Research at Thomson Reuters Lipper, in a statement.

Lipper data covers more than 306,000 share classes and over 128,000 funds in 63 markets. The free Lipper Leader ratings are available for mutual funds registered for sale in over 42 countries.

“Lipper’s recognition of our investment affiliates’ excellence in several categories is a great honor and well-deserved recognition for our exceptional investment teams across the firm,” said Rob Leary, CEO of Nuveen, in a statement. “These awards are a testament to the distinct strengths of our affiliates and their skill in delivering highly competitive, diversified investment solutions to our clients.”

Some other fund groups receiving a good number of awards include OppenheimerFunds, 21; Wells Fargo Asset Management, eight; Charles Schwab Investment Management, four; TCW Group, three; USAA, two; and Westcore Funds, two.

“These awards underscore the strength of our portfolio management talent and the depth of our investment bench,” said Krishna Memami, chief investment officer at OppenheimerFunds, in a statement. “We can be proud of our long-term focus and investment rigor across asset classes in 2016.”

— Check out Lipper Fund Awards: TIAA Investments, Thrivent Win Top Group Honors on ThinkAdvisor.


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