Fund Credit Quality Rating On Perennial Cash Enhanced Fund Withdrawn

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Standard & Poor’s Ratings Services announced today that it has withdrawn its ‘AAf’ fund credit quality rating on the Perennial Cash Enhanced Fund. The rating has been withdrawn at the request of the manager, Perennial Investment Partners Ltd. At the time of the withdrawal the fund was rated ‘AAf’. Rating Definition: Fund Credit Quality Ratings […]

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S&P Assigns Four-Star ‘NEW’ Rating to AXA Emerging Markets Fund

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Standard & Poor’s Fund Services today assigned its four-star ‘NEW’ rating to the AXA Emerging Markets Fund. The fund is a long-only active equity strategy that was launched on July 1, 2010. The fund is managed by AXA’s joint venture in Australia with AllianceBernstein. The Australia-domiciled fund invests in equal proportions into two underlying FCPs, […]

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Emerging bond markets move into mainstream investment thinking

The broad asset class we think of as emerging market debt has been evolving over the last few years. The end of the global mega credit cycle, so damaging to banking systems and sovereign debt ratios in many developed economies, left many emerging and developing economies relatively unscathed. Whilst pre-emptive IMF activity following the March […]

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Lonsec releases 2010 Global Emerging Markets and Regional Equities Sector Review

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Lonsec has released its 2010 review of the Global Emerging Markets and Regional Equities sector, encompassing 20 funds. Four funds were awarded Lonsec’s highest accolade, ‘Highly Recommended’ – the Templeton Emerging Markets Fund, TAAM New Asia Fund, Aberdeen Emerging Opportunities Fund and the T Rowe Price Asia Ex-Japan Equity Fund. Six new funds were reviewed […]

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Lonsec releases 2010 Sector Review – Single Manager Hedge Funds

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Lonsec has released its 2010 Single Manager Hedge Funds Sector Review, covering 16 funds of which four received Lonsec’s highest rating of “Highly Recommended” – the BlackRock Scientific Global Markets Fund, Aspect Diversified Futures Fund, Man AHL Alpha and the Winton Global Alpha Fund. One new fund was added to the Recommended List – the […]

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Lonsec releases 2010 Australian and Global Long/Short Sector Reviews

Lonsec has released its 2010 Sector Reviews covering Australian and global long/short funds. Twelve Australian equity long/short funds were reviewed, with three attaining Lonsec’s highest rating of “Highly Recommended” – the Aviva Investors High Growth Shares Trust, Aviva Investors Long Short Equity Fund and the ING Extended Alpha Australian Share Fund. Of the global long/short […]

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Lonsec releases 2010 Diversified Funds Sector Review

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Lonsec’s 2010 Diversified Funds Sector Review resulted in the assignment of two Highly Recommended ratings, to BlackRock and Schroders. The ratings assigned to each manager generally apply across the various risk profiles and fund structures. Key themes to emerge from the Sector Review Stable resourcing Managers have remained relatively steady in the diversified funds space, […]

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Lonsec releases its 2010 Australian Property Securities Funds Sector Review

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Lonsec’s 2010 review of the Australian Property Securities sector included 19 funds, of which only one attained Lonsec’s top rating, Highly Recommended. This was the Vanguard Property Securities Index Fund. Three funds were added to the sector – the Aviva Investors Listed Property Fund, the Legg Mason Property Securities Fund, and the Macquarie Master Property […]

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Active vs Passive funds – the debate continues…

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Overview The debate over active versus passive management is not a new one. In the 1960s the world saw Eugene Fama develop the theory of the efficient market hypothesis and its role in asset allocation. The argument over whether the market can be beaten has continued to rage worldwide. If capital markets were at equilibrium, […]

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A Case for Emerging Small Cap

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The staggering growth of emerging market economies has led to a new dynamic in global consumerism. Increasing wealth and modernization across these markets is creating a new global middle class, which will likely become tomorrow’s most important consumer base. Favorable long-term demographics, low product- penetration levels, and greater purchasing power all point to current and […]

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