Zurich’s AREITs Fund upgraded to Gold with Morningstar


Matthew Drennan

Following their most recent fund review, Morningstar have upgraded the Zurich Investments Australian Property Securities Fund (Fund) to a Gold Morningstar Analyst Rating™ as of 21 May 2018.

Having also maintained its “Highly Recommended” rating with both Lonsec and Zenith in their most recent reviews, this sees the Fund now hold the highest possible rating across the three main research houses.

The Fund is managed by Zurich’s strategic investment partner Renaissance Property Securities Pty Ltd (Renaissance), who have long been acknowledged for the quality of their active management approach.

In order to receive a Gold Morningstar Analyst Rating™, a fund must distinguish itself across five pillars: Process, Performance, People, Parent, and Price. Gold denotes a best-of-breed fund that has garnered Morningstar’s highest level of conviction.

In the Morningstar Global Fund Report dated 21 May 2018, Morningstar noted, “We are particularly impressed by these managers and view them as among the very best in the Australian listed property space… proven adherence to a successful value strategy and the ongoing depth of insight shown by the team have ensured its place among the very best A-REIT strategies we cover.”

The report further noted that “Impressively, the pair consistently demonstrates differentiated investment insights, and few managers have shown their dedication to visiting management, inspecting properties, and researching industry trends.”

Finally, the report stated the Fund “is among the best performers in this space, handily beating out the Morningstar Category average and index over the medium and long term – a rare feat in this sector.”

The ratings sweep adds to a portfolio of awards for this Fund, having most recently been awarded Money magazine’s Best of the Best AREIT fund for 2018.

Zurich’s Head of Savings & Investments, Matthew Drennan said the Fund offers investors access to some of the best value listed property trusts in Australia and is actively managed by one of the most experienced investment teams in the industry.

“Few can match Renaissance for their depth of experience, or their passion and enthusiasm for this asset class. This upgrade reflects a successful track record spanning more than a decade, and it’s wonderful to see the continued industry recognition for the team and their time-tested value approach. We couldn’t be prouder of our long-term partnership with Renaissance,” said Mr Drennan.

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