Richard Jenkins is Morningstar's Foreign Equity Manager of the Year

Mawer, Capital Group managers make short list.

Christopher Davis 30 November, 2015 | 6:00PM

Note: This article is part of Morningstar's 2015 Global Equities Week special report.

We recognize managers' skill in navigating the international markets with the Morningstar Foreign Equity Manager of the Year Award. The award acknowledges strong returns over the past year, but 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.

Our finalists faced a challenging backdrop in 2015. Europe coped with the prospect of a Greek default and exit from the European Union in the first half of the year, while a new quantitative easing program attempted to jumpstart moribund growth. Meanwhile, China's economic slowdown caused global jitters in the summer and deflated demand for commodities, hitting emerging markets around the world. Japanese stocks rallied sharply, but with active managers generally underweighting the country, many funds didn't enjoy the full benefit.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Alimentation Couche-Tard Inc42.31 CAD1.41 Inc2,436.88 USD-0.40
Constellation Software Inc1,575.67 CAD2.82
Nintendo Co Ltd ADR52.13 USD0.29

About Author

Christopher Davis

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