dominate the top tier of a new list of top mutual funds.
| Daniel "Dan" Simkowitz|
Head of Investment Management
The Morgan Stanley Investment Management team's funds won 10 "top award winner" spots, more than any other fund firm. in Investor's Business Daily's
2021 Best Mutual Fund Awards
. Virtus' funds won seven top spots.
This year's list (IBD's sixth annual one) was revealed
on Monday, and it includes 810 awards across 13 categories, recognizing funds with at least 10-year track record that beat their benchmarks over four time periods (the last year, the last three years, the last five years, and the last decade). Winners in each category were ranked, and the IBD team highlight the first five winners in each category as the "top award winners."
, and T. Rowe Price
each won four top IBD fund awards this time. Invesco
won three top awards, and Lord Abbett
won two each.
Firms that this time won one top IBD fund award each included: AMG
, Federated Hermes
, Franklin Templeton
, J.P. Morgan
, John Hancock
, New York Life's MainStay
, TIAA's Nuveen
, Prudential's PGIM
, Sands Capital
, Seven Canyons
, and Wasatch
Looking ahead, by the time IBD issues next edition of this list next year, the publication may be under new ownership and sibling to several other publications that are popular with investors. Yesterday News Corp (publisher of, among other things, Barron's, MarketWatch, and the WSJ) unveiled
a deal to buy IBD.
Neil Anderson, Managing Editor
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