Morningstar announced its 2017 Fund Manager of the Year nominees on Jan. 11 and followed with a series of articles detailing those in each award category. Today, we highlight the nominations for Morningstar Allocation/Alternatives Fund Manager of the Year. The winners for all asset classes will be announced on Wednesday.
A relatively smooth U.S. equity market in 2017 boosted returns for most allocation funds that were tilted toward stocks during the year. Growth-oriented equity outperformed value-leaning peers by the widest margin since 2009. In addition, international and emerging-markets equities soared even higher than domestic stocks.
Gretchen Rupp does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.