logo

Trends + Ratings

Provident Capital Monthly Income Fund upgraded to 3.75 stars by SQM Research

02 Feb 2012
From

Provident Capital continues to make its mark in the fixed interest investment and income funds sector, with the recent upgraded rating of the Provident Capital Monthly Income Fund. The fund has been upgraded from 3.5 stars to 3.75 stars by specialist research house SQM Research following their recent review of the sector.

“There are a number of key reasons for this upgrade – most notably the Fund’s continued strong performance with returns above 10% over a consistent period, together with improved portfolio quality,” said Louis Christopher, Head of Research from SQM Research.

Christopher continues, “Provident Capital continue to manage the portfolio prudently, as reflected by loan to valuation ratios remaining below 60%, and increased diversification across borrowers, loans, sectors and states. It’s clear that as fund manager they have been working to maintain the Fund’s strong performance without compromising portfolio quality, and their efforts are paying off as reflected in this upgrade”.

 “We are very pleased with the upgrade to 3.75 stars,” said Alex François, Provident Capital’s Head of Distribution – Investments. “We’re confident this revised rating more accurately reflects the nature of the Fund especially when you consider our consistent performance track record since inception. We are also delighted with the rate of growth of funds under management and recent addition of the Fund to a number of platforms and APLs. This now makes the Fund more broadly available to advisers and dealer groups seeking consistent monthly income for their clients” said Francois.
 
The Fund aims to provide investors with competitive monthly returns that are in the top 25% of all Australian retail mortgage investment trusts based on returns for 1 year, and to date has consistently met this objective, with a current top-performing return of 10.79% p.a.* as at 31 December 2011.

Tags:         

Earn CPD Points

  • CPD: A TTR strategy for modern retirement

    We are currently witnessing one of the most significant demographic transformations in Australia’s history. Over the next decade, an estimated 2.5 million Australians are expected to enter retirement[1]. This article, [...]

  • CPD: Trend following in uncertain times

    Trend following strategies aim to generate returns by capturing sustained price movements across a diverse range of asset classes. Unlike traditional investment approaches that rely on valuation or forecasting, trend [...]

  • CPD: Aged care advice and ethics

    Data from the Australian Institute of Health and Welfare (AIHW) shows that Australia’s population aged 65 and over is projected to reach 22% – or 8.8 million people – by [...]

  • CPD: AI governance – a practical framework for advisers

    Regulator scrutiny of AI governance just got serious In years to come, they may well call it the ‘Mythos effect’ – the point in early 2026 where all the concerns [...]

  • CPD: Thinking outside the box – providing a loved one a paycheque for life

    Australia’s great wealth transfer is well underway. An estimated $5.4 trillion is expected to pass from those aged 60 and over to younger generations within the next two decades.[1] In [...]

View more CPD