Morningstar names multisector medallists
Morningstar has announced its gold, silver and bronze medallists across the Australian multisector funds which covers 60 individual investment strategies.
The company said it assigned 25 funds medals in total, with five funds being named gold, eight silver and 12 bronze medallists.
Additionally, the AMP Capital Multi-Asset Fund was upgraded from neutral to bronze while the BlackRock Global Allocation Aus D was downgraded from gold to silver, with a rating change following the BlackRock’s strategy co-founder and co-manager, Dennis Stattman’s retirement.
Also, the company introduced the coverage on three new strategies, which included BT Monthly Income Plus Fund, which received a neutral rating, the Schroder Real Return CPI + 3.5% and the ETF GROW which initiated at a silver and bronze rating, respectively.
“We believe the Schroder strategies area an attractive option for risk-conscious investors wanting an objective based approach,” the company said in a press release.
“Finally, we initiated coverage on the ETF GROW at Bronze, which provides exchange traded access to the Schroder Real Return CPI +5% and mimics underlying exposures with some differences.”
Morningstar also announced a launch of a new category, multisector flexible, with an aim to “to combine flexible strategies in a separate bucket relative to the traditional categories” which would allow investors to assess their merits against a more comparable peer group.
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