Six Mutual Funds managed by EFG Mutual Fund Management Company (EFG M.F.M.C.) were awarded high star ratings from the international rating agency Morningstar®. The fund star ratings received were based on the evaluation of a set of specific criteria that was completed on October 31st, 2007 and referred to the five-year performance history (Oct-2002 – Oct-2007). These criteria include:
- Risk-adjusted return calculations performed and reviewed on a monthly basis
- Costs inputs
- Comparison on a pan European basis of the output of the calculations for funds that have genuinely similar investment policies, as reflected by their portfolio holdings.
The star ratings received by six of the Mutual Funds managed by EFG M.F.M.C. are:
| INTERAMERICAN HELLENIC - Domestic Balanced Fund |
| EUROBANK EUROPEAN DYNAMIC - Foreign Equity Fund |
| INTERAMERICAN EMERGING MARKETS - Foreign Equity Fund |
| EUROBANK VALUE INDEX FTSE/ASE 20 INDEX FUND - Domestic Equity Fund |
| EUROBANK PLUS - Foreign Bond Fund |
| INTERAMERICAN GROWTH - Domestic Equity Fund |
The fund star ratings are essential for the assessment process of mutual funds within their relevant peer group across Europe, which has developed into a very competitive and demanding market. Following Morningstar’s assessment each mutual fund receives a rating on a scale of one star to five stars. Within each Morningstar® category the top 10% of funds are awarded five stars, the next 22.5% receive four stars, the middle 35% three stars, the next 22.5% two stars and the bottom 10% receive one star.
The Managing Director of EFG M.F.M.C., Mr. Aris Xenofos commented: “The Morningstar® fund star ratings that the Eurobank and Interamerican Mutual Funds continue to receive certify the on-going efforts of our company to improve the quality of our fund management services. At the same time, the quality of objectives that the company has set up is well applied to the performance comparison among all European Management Companies not only in the domestic market, but also in the large European fund market”.
© 2007 Morningstar UK. All Rights Reserved. Morningstar as of 31-October-2007.
The information contained herein:
(1) is proprietary to Morningstar;
(2) may not be copied or distributed; and
(3) is not warranted to be accurate, complete or timely. The above information is provided by EFG M.F.M.C.
Neither Morningstar nor EFG M.F.M.C. is responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar and EFG M.F.M.C. do not recommend any financial product. Morningstar and EFG M.F.M.C. do not recommend that any financial product should be bought, sold or held by you. The investment return and principal value of your investment may fluctuate, so you may have a gain or loss when you redeem units in mutual funds.
MUTUAL FUNDS DO NOT HAVE A GUARANTEED RETURN
AND PREVIOUS PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS
AND PREVIOUS PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS