Scott Tully

Colonial First State’s FirstChoice Multi-Index funds have been awarded a ‘Recommended’ rating from Zenith Investment Partners.

Zenith described CFS’ FirstChoice Multi-Index funds as ‘a compelling offering for investors seeking a low cost exposure to the diversified sector’.

Zenith also cited their high regard for the FirstChoice Investments team responsible for managing the FirstChoice Multi-Index funds; in particular Scott Tully and Peter Dymond who Zenith believes are ‘key to the continued success of the Multi-Index funds’.

Head of FirstChoice Investments for Colonial First State, Scott Tully, said “We are very pleased to receive a ‘Recommended’ rating from Zenith for the FirstChoice Multi-Index funds.  We introduced FirstChoice Multi-Index to the market to provide investors with access to good value, diversified portfolios using innovative investment strategies.”

“The combination of Colonial First State and Realindex Investments has generated great returns for our investors since FirstChoice Multi-Index was launched in 2009,” said Mr Tully.

The interactive relationship with investment consultant Mercer enables the FirstChoice Investments team to identify value-add opportunities and ensures the portfolios are comprised of the most compelling strategies to meet their investment objectives was noted by Zenith in their review.

The CFS FirstChoice Multi-Index funds currently have over $3 billion in funds under management.  The annualised, since inception performance (as at 30 September 2013)* of the headline FirstChoice Multi-Index funds recommended by Zenith are as follows:

• FirstChoice Wholesale Multi-Index Balanced:  11.58%pa
• FirstChoice Wholesale Multi-Index Conservative:  7.85%pa
• FirstChoice Wholesale Multi-Index Diversified:  14.44%pa

The Colonial First State FirstChoice Investments team manages portfolios that in total exceed $25 billion of funds under management on behalf of 600,000 investors.  The team has developed a range of innovative investment strategies over the last decade including the CFS FirstChoice Multi-Index funds.

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