Lonsec has given a ‘highly recommended’ rating to the newly launched BetaShares Legg Mason Equity Income Fund (EINC) and a ‘recommended’ rating to the BetaShares Legg Mason Real Income fund (RINC).
According to the research house, EINC which is a “long-only” Australian equity product that invested in a portfolio of securities, benefited from a “well-structured investment process and a consistently implemented philosophy specifically targeting retirees.”
Also, the firm said that this rating mirrored the rating assigned to the unlisted version of this strategy having built sufficient conviction that the active ETF structure adopted by this fund would be likely to deliver returns that closely resemble those generate by its unlisted counterpart.
The second active ETF launched by the partnership of BetaShares and Long Mason, RINC which aimed to invest in a portfolio of A-REITS, utilities and infrastructure securities listed on the Australian Securities Exchange (ASX), was praised for its “suitable and effective” structure and offering investors an exposure to ‘real assets’ with a delivery a consistent income stream with less volatility than the broader Australian equity market.
Legg Mason’s managing director, Andy Sowerby, said: “These two new active RTFs combine proven, highly rated and award-winning active investment strategies with the key benefits of exchange traded funds such as liquidity, intraday pricing, and ease of access.”
