The Morningstar Awards for Investing Excellence recognize funds and asset managers that have served investors well over the long term and which Morningstar’s manager research team believes will be able to deliver strong risk-adjusted returns over time.
The 2026 winners and finalists have demonstrated resilience, discipline, and a clear commitment to delivering long‑term value in a volatile and fast‑changing market.
These fund groups continue to set the standard for investors in the UK.
Morningstar Awards for Investing Excellence UK 2026 - the Winners in Full
- Best Asset Manager—Dimensional
- Best Europe ex UK Equity Fund—JPM Europe Dynamic (ex-UK) C Net Acc
- Best GBP Allocation—BNY Mellon Multi-Asset Growth Institutional W Acc
- Best GBP Bond — Royal London Corporate Bond Z Inc
- Best Global Equity Fund — L&G Global 100 Index F Inc
- Best UK Equity—Fidelity Special Situations W Acc
Morningstar Fund Awards Methodology
The objective of the Morningstar Awards for Investing Excellence program is to recognize funds and asset managers that have not only delivered strong risk-adjusted returns in the past but are also deemed capable of serving investors well going forward. As such, these awards are selected using a combination of past performance and risk and, whenever possible, Morningstar’s forward-looking rating for funds, the Morningstar Medalist Rating, including its Parent Pillar component.
The Morningstar Medalist Rating is the summary expression of Morningstar’s analysis of investment strategies based on three pillars: People, Process and Parent. The rating system relies on qualitative analysis or algorithmic techniques that mimic analyst decision-making—or a combination of both—to assign the pillar ratings. The rating is set on a five-tier scale running from Gold to Negative at the share class level. For actively managed funds, Morningstar assigns Gold, Silver, and Bronze ratings to vehicles expected to add value, or “positive alpha,” over the long term when compared with their Morningstar Category index after accounting for fees and risk. For passive strategies, Morningstar assigns Gold, Silver, and Bronze ratings to vehicles expected to deliver alpha that exceeds the lesser of their category median net alpha, or zero, over the long term.
The Parent Pillar rating is important in evaluating both active and passive funds. The asset manager and its management set the tone for key elements of Morningstar’s evaluation, including capacity management, risk management, recruitment and retention of talent, and firmwide policies, such as incentive pay, which drive or impede the alignment of the firm’s interests with those of fund investors. Like other pillars, the Parent Pillar rating takes the form of Low, Below Average, Average, Above Average, and High.
