Zenith Investment Partners (Zenith) has announced the completion its 2011 International Shares Sector Review and Zenith Senior Investment Analyst Steven Tang confirmed 51 funds achieved a Recommended rating. The 51 Recommended Funds have been included on the national research provider’s Recommended List and are available for inclusion for client model portfolios.
Commenting on the review, Steven Tang said it was the largest sector review undertaken by Zenith as it includes all Global, Regional, Country (ex-Australia), Global Small Companies and Index funds.
The Zenith 2011 International Shares Sector Review appraised 180 International Shares products and confirmed:
- 12 were rated HIGHLY RECOMMENDED; and
- 39 RECOMMENDED.
The key changes to the Recommended List post the review include the addition of 7 new funds across various categories, 2 upgrades and 5 downgrades for existing funds.
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Steven Tang noted that it is often assumed that investors are willing to pay higher fees for active management based on the skill of the underlying manager and consequent presumed outperformance of a passive benchmark. However, it is logical to assume that this ability to outperform is contingent on the manager being truly active i.e. adopting positions away from the passive benchmark.
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“Zenith believes that the international share sector affords the greatest scope for active management, relative to all other sectors, given the size and breadth of the investable universe,” added Steven Tang.
