S&P downgrades Perpetual Wholesale Concentrated Equity Fund

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Standard & Poor’s Fund Services has removed from ‘On Hold’ and lowered to four stars from five stars its rating on the Perpetual Wholesale Concentrated Equity fund (CEF). We placed the fund ‘On Hold’ following Perpetual’s announcement that portfolio manager and head of equities, John Sevior, planned to take a six-month leave of absence from the... Read more continue reading
25 Jul 2011

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Fidelity The Only Five-Star Manager In S&P’s Australian Equities Large-Cap Growth/GARP Peer Group

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Standard & Poor’s Fund Services today released its Growth/GARP (growth at a reasonable price) peer group as part of its Australian-Equities Large-Cap sector review. Fidelity was the only manager to retain its five-star rating, with the Ausbil Australian Active Equity Fund and Perennial Growth Shares Wholesale Trust both downgraded to four stars. We removed the... Read more continue reading
19 Jul 2011

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Lonsec releases its Australian Equity Long/Short Sector Review

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Lonsec’s review of the Australian Equity Long/Short sector encompassed 12 funds across a diverse range of products,  which Lonsec has broadly categorised as either ‘beta 1’ or ‘variable beta’. Lin Ngin, Senior Investment Analyst responsible for this review explains the difference between these funds. “Beta 1 style funds will typically maintain a net equity exposure... Read more continue reading
18 Jul 2011

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S&P Fund Services Assigns Three Stars To Hunter Hall Value Growth Trust

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Standard & Poor’s Fund Services assigned its three-star rating to the Hunter Hall Value Growth Trust, based on the manager Hunter Hall Investment Management’s continuing stable management, enhanced investment process, and team experience. We now rate the Hunter Hall Value Growth Trust as part of our International Equities – Small Cap sector. It was previously part... Read more continue reading
18 Jul 2011

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S&P assigns Three-Star ‘New’ rating to GVI Global Industrial Share Unhedged Fund

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Standard & Poor’s Fund Services today assigned its three-star ‘NEW’ rating to the GVI Global Industrial Share Unhedged fund. The product has a short history although it is comparable to the manager’s hedged global industrial share fund, which we rated in our 2010 international equities sector review. The fund invests in global listed stocks using... Read more continue reading
14 Jul 2011

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S&P Australian Equites Large-Cap review: more down than up

Standard & Poor’s Fund Services today released its second batch of peer group ratings in its 2011 Australian Equities Large-Cap sector review for Income, Multi-Manager, Quantitative, and Unconstrained funds. We affirmed most ratings in the peer groups, but downgraded three funds, upgraded one, assigned one new rating, and removed one fund from ‘On Hold’, reinstating its... Read more continue reading
07 Jul 2011

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S&P Puts 15 ING Funds ‘On Hold’ following sale to UBS

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S&P Puts 15 ING Funds ‘On Hold’ Due To UBS Global Asset Management’s Intention To Acquire ING Investment Management (Australia) Standard & Poor’s Fund Services has placed 15 funds managed by ING Investment Management (Australia) Ltd. (ING IM)  ‘On Hold’ following today’s announcement that UBS Global Asset Management has entered into a binding agreement to acquire... Read more continue reading
30 Jun 2011

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S&P Assigns ‘STRONG’ Rating To Commonwealth Bank’s Vantage+ Product

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Standard & Poor’s Fund Services has assigned its ‘STRONG’ rating to the Commonwealth Bank Vantage+ product. This reflects what we view as a solid expected risk-return profile, simple and efficient structure, and clear product philosophy and targeted investor profile. Commonwealth Bank Vantage+ provides enhanced or leveraged exposure to the price returns performance of the S&P/ASX... Read more continue reading
28 Jun 2011

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S&P Assigns Ratings To Various Sibling Funds For BT Platforms

Standard & Poor’s Fund Services today assigned ratings to various sibling funds managed by a range of fund managers. These sibling funds relate to headline funds available on BT platforms where Westpac Financial Services Ltd. is the responsible entity. We define a sibling fund as a fund that invests in an underlying pool or fund... Read more continue reading
23 Jun 2011

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