Zenith upgrades AB global fund
AllianceBernstein (AB) has announced that research house, Zenith Investments Partners, has upgraded its rating for the AB Global Equities Fund to ‘highly recommended’, the highest possible rating to be assigned.
The fund, which was first launched in Australia in July 2015, initially received a ‘recommended’ rating form Zenith in December 2015.
Since its inception in Australia, it delivered total returns of 8.34 per cent, compared to the 7.21 per cent delivered by the MSCI All Country World Index in Australian dollars, which represented an outperformance of 1.13 per cent, the company said.
The research house praised the fund for its investment philosophy which comprised two fundamental beliefs such as:
- Attractively valued companies that generate strong and sustainable returns on invested capital should be profitable investments; and
- Consistent results should be achieved through minimising unintended factor exposures, which would allow stocks selection to be the key driver of returns.
“Zenith notes that the team has employed a consistent investment process over the life of the strategy, producing an impressive long-term record,” the research house said.
Recommended for you
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.
Fund managers should work collaboratively with data providers to minimise greenwashing risks in their products as a positive ESG score can be a “gamechanger” for a fund’s demand with advisers.
Asset manager Janus Henderson has made two acquisitions in the ETFs and emerging markets space as it takes strategic steps to meet client needs.
Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.
