Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced the winners for the 2025 Morningstar Awards for Investing Excellence – Thailand. The awards 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.
There are two types of Morningstar awards: the Morningstar Category Awards and the Morningstar Asset Manager Awards.
“Congratulations to the winners of the Morningstar Awards for Investing Excellence, which recognizes standout fund offerings and investor-centric firms. Morningstar’s manager research team has carefully selected the winners across equity and fixed income categories as the leading funds within Thailand for investors,” said Wing Chan, Head of Manager Research, Asia Pacific, Morningstar Inc.
The 2025 Morningstar Awards for Investing Excellence award winners in Thailand are:
| Morningstar Category Awards | Winner |
| Best Thailand Allocation Fund | SCB Mixed – Spicy A |
| Best Thailand Equity Large-Cap Fund | Krung Thai High Dividend Equity Class D |
| Best Thailand Equity Small/Mid-Cap | Krungsri Dynamic RMF |
| Best Thailand Mid/Long-Term Bond Fund | KKP Income RMF |
| Best Thailand Short-Term Bond Fund | SCB Retirement Fixed Income |
| Retirement Mutual Fund – Equity | Krung Thai High Dividend Equity RMF |
| Retirement Mutual Fund – Fixed-Income | KKP Income RMF |
| Best Asset Manager Awards | Winner |
| Best Asset Manager | Kiatnakin Phatra Asset Management Company Limited |
Methodology
The Morningstar fund category awards are based on Morningstar fund data as of 31 December 2024. The awards methodology emphasizes the one-year period, but funds must also have delivered strong three-year returns after adjusting for risk within the award peer groups in order to obtain an award. In selecting winners, fund returns are adjusted for risk using the Morningstar Risk, a measure which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility. The full methodology for the awards is available here.
