Kardinia holds ‘highly recommended’ rating
Bennelong Kardinia Absolute return fund has retained its ‘highly recommended' Zenith rating for the fifth consecutive year, according to the ratings house.
Zenith Investment Partners reported that "[the Kardinia investment team] was of high calibre and recently bolstered by the addition of senior analyst, Stuart Larke, in January 2016".
Zenith also highlighted that the fund was among others that preserved capital in falling markets, as it materially lowered its net equity exposure.
"Kardinia maintains an equal focus on meeting its performance objectives and capital preservation," Zenith said.
The ratings house also admired the managers' underlying investment philosophy and processes.
Kardinia was founded in 2011 by Mark Burgess and Kristiaan Rehder, in partnership with Bennelong Funds Management.
The Bennelong Kardinia Absolute Return Fund aimed to provide an absolute excess return of 10 per cent per annum, over the long-term, Bennelong said.
Recommended for you
The latest budget papers have outlined a $10 million provision for ASIC greenwashing enforcement activity as well as funds for a sustainable labelling regime to be partially met by industry levies.
Betashares has expanded its fixed income solutions with the launch of a new ETF offering exposure to subordinated bonds issued by the big four Australian banks.
The latest monthly Bank of America global fund manager survey has found investors are starting to shift cash into bonds as cash allocations reach a three-year low.
AUSIEX analysis has discovered the net traded value of Australian dollar fixed income ETFs more than doubled from January to April, reflecting growing investor demand.