Morningstar has released the results for Australia of its bi-annual global report assessing the experiences of managed fund investors in 24 countries in North America, Europe, Asia, and Africa. The aim of the report is to encourage dialogue about global best practices for managed funds from the perspective of fund investors. Morningstar researchers evaluated and [...]
continue readingHeightened risks in international share markets will make it even more vital that managers in this sector have superior stock selection skills and a robust, “bottom up” investment process, van Eyk Research commented upon the release of its International Equities Review 2013. The new IEQ review examined 43 managers. Lead analyst Nimalan Govender said this [...]
continue readingAustralia Ratings has assigned its credit rating of ‘A’ to the Class A and Class B units issued by the Sandhurst Strategic Income Fund (“the Fund”). A rating of ‘A’ represents that the Fund has a high degree of protection against loss from credit risk on the rating scale used by Australia Ratings for fixed [...]
continue readingZenith has re-applied its ‘Recommended’ rating on the Select Alternatives Portfolio (SAP) following the replacement of former portfolio manager Robert Graham-Smith with external hires, as well as the appointment of a dedicated alternatives advisor, Neuberger Berman (NB). NB has around $19 billion in assets under management across its Alternatives division (which includes Hedge Fund of [...]
continue readingThe Analytic Global Managed Volatility Fund, offered by Macquarie Professional Series, aims to reduce the volatility of the MSCI World ex Australia index while meeting or exceeding the return of that index. Analytic’s investment approach is based on the belief that there is no material long-run relationship between risk and return in global equity markets. [...]
continue readingMorningstar today released its Sector Wrap-Up for global listed infrastructure funds, covering eight strategies. Key Findings Funds which achieve Morningstar Analyst RatingsTM of Gold, Silver, or Bronze are designated Morningstar Medallists. We gave two of the eight strategies we assessed the second highest-possible Analyst Rating of Silver – Magellan Infrastructure and RARE Infrastructure Value. A [...]
continue readingThe portfolios of Australian share fund managers are heavily biased towards the “quality” end of the share market, with only six out of 89 Australian share market strategies tracked by van Eyk having a significant “value” bias. van Eyk’s proprietary database of fund manager holdings shows only six managers were overweight value stocks by five [...]
continue readingMorningstar has released managed fund performance league tables for the first quarter of 2013. “The growth rally that started mid-way through last year continued into the first quarter of 2013, despite more jitters emanating from Europe,” said Morningstar Senior Research Analyst Julian Robertson. “It was a challenging period for fund managers, as the average manager [...]
continue readingMorningstar has published interim results of the Morningstar® Australian Superannuation Survey, providing comprehensive coverage of the performance of Australian-offered retirement savings vehicles to 31 March 2013. The Survey includes both commercial for-profit and industry superannuation options. Morningstar classifies funds according to a proprietary classification system created to facilitate meaningful peer-relative comparisons. Key findings Growth superannuation funds [...]
continue readingZenith has just released its 2013 CTA / Macro Sector findings. According to Daniel Liptak, Head of Alternatives, “With the performance of many CTA’s struggling over the last 18 – 24 months we believe that it is timely to consider the function and utility such funds can make to a portfolio.” In Zenith’s observation Commodity [...]
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