Macquarie fund placed on negative ratings watch
SQM Research has placed the Macquarie International Infrastructure Securities fund on a negative ratings watch due to the departure of portfolio manager Andrew Maple-Brown.
The current four star rating awarded to the fund in June 2012 will remain on hold until a full review is undertaken at the beginning of the next year as part of SQM's annual global infrastructure securities review, the research house stated.
Maple-Brown had been portfolio manager since replacing Justin Lannen in April, who left the fund for "personal reasons".
According to SQM, the current rating may not necessarily change as a result of the change in management.
AUTHOR
Staff Writer
Recommended for you
Alphinity Investment Management and CSIRO have brought its responsible AI framework to the market, helping investors navigate AI alongside ESG principles.
The ASX board has appointed Wayne Byres as a non-executive director, who previously served as APRA chair for more than eight years.
Ahead of an upcoming fund launch focusing on mid-caps, OC Funds Management has welcomed a new portfolio manager to its investment team.
Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.
