Lonsec upgraded the Fund’s rating to ‘recommended’ in September 2021, following the addition of the fund to Macquarie Wrap, BT Panorama, BT Wrap, and Xplore Wealth.

The Strategic Income Fund is a flexible, multi-sector, global fixed income portfolio and was launched in Australia a little over two years ago.  It seeks attractive risk-adjusted results by investing across the entire bond market with a focus on exploiting mispriced sectors and offers investors with attractive return potential.

Since the launch of the Fund in Australia, awareness of the Neuberger Berman brand and investment philosophy has grown across dealer groups as advisers demand greater diversity in product quality to meet their individual client needs.

Head of Intermediary Distribution at Neuberger Berman Australia, Matthew Thompson, said, “In today’s low yielding environment and uncertain markets, investors want an effective way to generate consistent income, our Strategic Income Fund’s agile and opportunistic approach is an attractive option to meet these demands.”

The Fund is also rated as ‘Recommended’ by Zenith and is available on HUB24 and Netwealth, in addition to the newly announced platforms.

The addition of Neuberger Berman’s funds to a growing base of popular investment platforms reflects the global asset manager’s ongoing commitment to grow its footprint and bring its best-in-class global solutions to the Australian intermediary market. The Strategic Income Fund offers dealer groups the opportunity for their clients to receive a strong monthly income tied to ESG considerations and a multi-sector approach.

As at 31 August 2021, Neuberger Berman’s local asset under management is over US$9 billion.

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Neuberger Berman Emerging Markets Equity Select Fund (“Emerging Markets Equity Select Fund”) and Neuberger Berman Strategic Income Fund (“Strategic Income Fund”) were both launched in Australia 12 months ago, with the manager looking to grow its footprint and bring its best in class global solutions to the Australian intermediary market.

The addition of these managed funds to popular investment platforms reflects Neuberger Berman’s ongoing commitment to further its offering and broaden Australian investors’ access to global investment capabilities. In addition to HUB24 and Netwealth, the manager expects its funds to be added to other major investment platforms in the coming months.

“We’ve seen an increased interest in Neuberger Berman’s funds as the Australian adviser community recognises our global reach, in-depth market capabilities and strong experience across multiple asset classes,” said Head of Intermediary Distribution at Neuberger Berman Matthew Thompson.

On the Strategic Income Fund, Mr Thompson noted it suited investors seeking alternative income sources.

“Many investors looking for income have historically relied on term deposits or equity dividends. With cash rates at historic lows^[1] and equity dividends challenged, investors are seeking alternative sources of income, and a multi-fixed income solution fulfils this need,” said Mr Thompson.

“With Covid-19 and ongoing trade tensions affecting global equities markets, there are  companies in emerging markets now trading  at attractive valuations, presenting opportunities  as these economies gradually recover. Australian investors seeking diversification and strong capital appreciation in the long-term are looking at emerging market equities as part of their portfolio allocation,” added Mr Thompson.

Neuberger Berman Emerging Markets Equity Select Fund aims to achieve long-term capital growth by investing in emerging market equities issued by companies that have sustainable cash flow growth and are trading at attractive valuations. In early 2020, the fund received maiden ‘Recommended’ ratings from Zenith^[2] and Lonsec^[3].

Neuberger Berman Strategic Income Fund is a flexible, multi-sector, global fixed Income portfolio. The fund invests opportunistically in a wide range of fixed income assets, and is designed for investors seeking sustainable levels of income and global diversification. The fund has a Zenith^[2] ‘Recommended’ rating and an ‘Investment grade’ recommendation from Lonsec^[3].

As of 30 June, 2020, Neuberger Berman manages US$357 billion in client assets.

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1. Source: Bloomberg, as of July 21, 2020
2. The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned as follows: APIR ETL1713AU – October 2019; APIR ETL1411AU – February 2020) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines
3. The Lonsec Rating (APIR ETL1713AU – March 2020; APIR ETL4930AU – March 2020; APIR ETL1411AU – December 2019; APIR ETL5210AU – December 2019) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Man Group plc or GSFM Responsible Entity Services Limited product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at:  http://www.lonsecresearch.com.au/research-solutions/our-ratings

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