TheAssirtresearch house has released a ‘strong’ rating for two fund managers to whichBT Funds Managementis now outsourcing its management in the areas of international fixed interest and US real estate equity securities.
The managers rated were BlackRock, now looking after the fund manager’s international fixed interest investments, and AEW, managing the US real estate securities.
Assirt says BT has selected two highly capable managers in BlackRock and AEW.
According to the research house, BlackRock is a strong manager of global fixed interest portfolios, with the processes employed and team quality providing a basis for sound performance over the long term.
Assirt says the manager, which was appointed by BT in May 2002, has a logical and coherent investment process.
AEW also has a well thought-out investment process which is relatively disciplined, according to Assirt, providing a unique offering that has few similar alternatives available in the market.
Assirt says AEW’s investment team is adequately resourced, and the team consists of enthusiastic and experienced individuals with a good rapport amongst team members.
The research house says the addition of an international listed property manager like AEW would have diversification benefits in an investor’s portfolio.
