Cornhill Management’s WIOF funds have scored more success after taking top rankings from international fund ratings agency Morningstar for the second month in a row.

The WIOF South-East Asia Performance Fund was again recognized for its outstanding performance in May, taking a five star rating by the agency in its fund ratings for May.

The Fund’s performance (A Class) put it in the top 10% of its peers in Morningstar’s ASEAN Equity category and comes after it was given the same top ranking in April.

The rating is the highest given by the agency for a fund and is based on risk-adjusted return. Morningstar calculates ratings for three-, five-, and 10-year periods and an overall Morningstar rating is then given based on a weighted average of the available time-period ratings.

Meanwhile, Cornhill’s WIOF Global Listed Utility Fund and its WIOF Latin American Performance Fund were also awarded four star ratings by Morningstar in May having been given the same ratings in April.