Cornhill Management’s WIOF funds have taken top rankings from international fund ratings agency Morningstar for the third month in a row.

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

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 both April and May.

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 Latin American Performance Fund was also awarded a four star rating by Morningstar in June having been given the same ratings in April and May.