Thomson Reuters has named the winners of the Lipper U.S. Fund Awards for 2015.
The select group of fund families was recognized in a ceremony on Tuesday in New York, with TIAA-CREF and MassMutual Retirement Services collecting the top group awards for the large and small categories, respectively.
Other top group winners include the Oakmark Family of Funds for best large equity-fund Group, Hotchkis & Wiley Capital for best small equity-fund group.
Lord Abbett received the best large fixed-income fund group award, while Guggenheim was acknowledged as the best small fixed-income fund group. American Funds won an award for best large mixed-assets fund group, and Thrivent Asset Management was named best small mixed-assets fund group.
"This year as in years past, the Lipper Fund Awards winners have exhibited a high level of skill and talent in navigating the ever complex and interconnected markets of today," said Robert Jenkins, head of Lipper Research at Thomson Reuters. "We at Lipper congratulate the 2015 Award winners for their demonstrated expertise and for delivering outperformance to their collective fund shareholders."
To be recognized in the large category, a fund family must have at least five equity, five bond or three mixed-asset portfolios in the respective asset classes; this number is three for the small category. The broadest awards are given to the fund families with the lowest average decile rank of the three-year consistent return measure of the eligible funds per asset class and group.
