10 Mutual Funds managed by EFG M.F.M.C. were awardedhigh 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, 2006. 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 10 of the Mutual Funds managed by EFG M.F.M.C. are:
INTERAMERICAN HELLENIC DOMESTIC BALANCED FUND (relating to the 3-year rating)
INTERAMERICAN FIXED INCOME DOMESTIC BOND FUND (relating to the 10-year rating)
INTERAMERICAN BALANCED YIELD DOMESTIC BOND FUND (relating to the 10-year rating)
EUROBANK EUROPEAN DYNAMIC FOREIGN EQUITY FUND (relating to the 5-year rating)
INTERAMERICAN EMERGING MARKETS FOREIGN EQUITY FUND
INTERAMERICAN HELLENIC DOMESTIC BALANCED FUND
EUROBANK FORMULA II FOREING EQUITY FUND
EUROBANK VALUE INDEX FTSE/ASE 20 INDEX FUND DOMESTIC EQUTY FUND
EUROBANK INSTITUTIONAL PORTFOLIOS DOMESTIC EQUITY FUND
EUROBANK PLUS FOREIGN BOND FUND
INTERAMERICAN FIXED INCOME DOMESTIC BOND FUND
INTERAMERICAN BALANCED YIELD DOMESTIC BOND FUND
INTERAMERICAN GROWTH DOMESTIC EQUITY FUND
Thefundstarratingsare essential for the assessment process of mutual funds within their relevant peer group across
Morningstar®calculates separate ratings for three-, five-, and 10-year periods (where applicable), then combine those ratings into an aggregate rating for each fund. The evaluation is performed on mutual funds with a minimum 3-year performance history and the fund star ratings reflect consistency of returns. At the same time the pricing policy of the mutual funds plays a significant role in the review of the overall ratings.
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 prove the on-going efforts of our company to improve the quality of our fund management services within the strict legal framework each mutual fund operates. Our principle of offering quality to our investors targets not only the results of portfolio management but also the implementation of tools and models that measure risk as well as the development of applications that allow secure transactions to be performed in an efficient and low-cost manner".
© 2006 Morningstar
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.
Past performance is no guarantee of future results.