Thomson Reuters announced the winners of the Lipper U.S. Fund Awards Wednesday, and two fund families won multiple awards in the top group categories.
TIAA Investments won the Best Overall Large Fund Company for the fourth year in a row for the best three-year risk-adjusted performance across multiple asset classes. It also won for Best Mixed Assets Large Fund Company, also based on a three-year risk-adjusted performance, for its Lifecycle, Lifecycle Index, Lifestyle and Managed Allocation Funds.
"The Lipper award is more than just an accolade – it validates how we see and do things differently than our peers, " said Robert Leary, CEO of TIAA Global Asset Management, the renamed global asset management business of TIAA, formerly known as TIAA-CREF.
Thrivent Mutual Funds, like TIAA, also won two group awards, for Best Overall Small Fund Company and Best Mixed Assets Small Fund Company. It was its second consecutive win for the latter category.
This week's winners "have all exhibited a high level of skill and talent in navigating the ever complex and interconnected markets of today," said Robert Jenkins, Global Head of Research at Thomson Reuters Lipper in a statement.
Guggenheim won for Best Fixed Income Small Fund Group for the second year in a row and Oakmark Funds won for Best Equity Large Fund Group for the second time — the last time was in 2014.
"We are committed to our consistent philosophy of patient value investing, and believe that our Funds show the merit of our unwavering approach over time," said Kristi Rowsell, president of Harris Associates and the Oakmark Funds.
