The nominees for 2016 Morningstar Fund Managers of the Year are...

These long-term winners also delivered the goods in 2016.

Christopher Davis 25 January, 2017 | 6:00PM

What a year: 2016 included a revival in Canadian stocks, political upheaval in Europe and the United States, and at long last, rising expectations for inflation and interest rates.

These factors proved tricky for equity fund managers, especially in Canada, which enjoyed the strongest gains of any major market globally. Boosted by rebounding commodity prices and surging bank stocks, domestic equity investors faced strong competition from large- and small-cap stock indexes. Active U.S. equity managers faced a tough-to-beat benchmark in the S&P 500, while those investing abroad coped with fallout over Brexit and jitters over weakening growth in China. Bond investors finally reckoned with higher interest rates in the wake of Donald Trump's unexpected win.

Our nominees for 2016 Morningstar Fund Manager of the Year recognize investors who demonstrated skill in navigating this environment. While these awards acknowledge strong performance over the calendar year, short-term returns take a backseat to long-term fundamentals. After all, there's a lot of noise in short-term numbers; a one-year hot streak is often the result of luck or extreme risk-taking.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Arcos Dorados Holdings Inc5.15 USD-0.58
Brookfield Infrastructure Partners LP64.56 CAD-0.81
First Quantum Minerals Ltd26.09 CAD-7.12
Great Canadian Gaming Corp43.07 CAD0.16
Haemonetics Corp119.59 USD-2.15
Saputo Inc36.10 CAD-0.22
Seven Generations Energy Ltd8.25 CAD-2.25
Sleep Country Canada Holdings Inc30.87 CAD-0.61
Teck Resources Ltd Class B26.14 CAD-4.32
Tourmaline Oil Corp22.77 CAD-1.81

About Author

Christopher Davis

Christopher Davis  Christopher Davis is Director of Manager Research at Morningstar Canada.

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