25 March 2021 – Chelsea has been named winner of the Best Mixed Asset Small Fund Family Group Over Three Years in the Refinitiv Lipper Fund Awards, United Kingdom 2021.
Chelsea Financial Services launched the VT Chelsea Managed Fund range for its clients in June 2017. The four funds: Aggressive Growth, Balanced Growth, Cautious Growth and Monthly Income, are now widely available to all investors.
Commenting on the award, Darius McDermott, investment adviser to the funds, said: “I’m enormously proud that we have won the award for Best Small Group in the Mixed Asset category.
“We launched the fund range almost four years ago, taking our many years of fund selection experience on to the next level for those clients who wanted someone to actively manage their investments for them.
“The support from our clients has been tremendous and I couldn’t be prouder of the team and the fact that we have successfully rewarded those investors for the faith they put in us.
“We leave no stone unturned when it comes to investment opportunities and our philosophy is that we fight for every single percentage point – both in terms of returns and when it comes to negotiating better fund and trading costs for our underlying investments.”
For more than three decades, the Lipper awards have recognised funds and fund management firms for their consistently strong risk-adjusted three-, five-, and ten-year performance relative to their peers. Based on Lipper's quantitative, proprietary methodology, the awards reflect a truly independent and uncompromised assessment of fund performance.
To qualify, small fund family groups needed to have at least three distinct portfolios in one of the asset classes – equity, bond or mixed-asset. The lowest average decile rank of the three years’ Consistent Return measure of the eligible funds per asset class and group determined the asset class group award winner over the three-year period.