Standard & Poor’s Fund Services today assigned its four-star ratings to Aviva Investors Dividend Builder SMA model portfolio and Aviva Investors Core Opportunities SMA model portfolio indicating we have conviction the manager will consistently generate risk-adjusted returns in excess of relevant investment objectives and relative to peers.
Standard & Poor’s fund analyst Rodney Lay said: “Our level of conviction in the Australian large-cap equities team, headed by Glenn Hart, has grown in recent years. We view it as collectively well resourced and experienced. In addition, and despite having less portfolio-management experience than some of his peers, we view Nick Pashias as a very capable portfolio manager.”
Overall, S&P is comfortable with the manager’s operational processes, including the level of interaction with the SMA platform provider, and the monitoring of performance.
“In our view, the model portfolio is constructed so as to mitigate some of the risks specific to SMA model portfolios. For instance, it is a longer buy-and-hold strategy than the base fund,” said Mr Lay.
