In its latest review of the diversified sector Zenith Investment Partners granted two ‘highly recommended’ ratings — and both went to BlackRock.
In the ‘balanced’ diversified sub-category Zenith gave BlackRock’s Global Allocation Fund (Australia) the highest rating, while in the ‘growth’ sub-category Zenith awarded top points to BlackRock’s Wholesale Balanced Fund.
The research house said from an initial universe of 106 diversified funds it granted two ‘highly recommended’ ratings, 12 ‘recommended’ and three ‘approved’ ratings.
Managers receiving ‘recommended’ ratings for funds in various sub-sectors were Perpetual, UBS, Acadian, PM Capital, Colonial First State, Investment Science and Perennial Investment Partners.
Zenith investment analyst Graeme Miller said one of the benefits of investing in a diversified fund was that managers essentially saved investors from their own potentially damaging behavioural biases. Miller said investors in diversified funds “benefited from a full exposure to a market recovery that may have been missed had the wholesale decision to switch into cash been made”.
