Research and ratings house, Lonsec has delivered a “recommended” rating to Sydney-based Montgomery Investment Management’s flagship fund, The Montgomery Fund.
The “recommended” rating from Lonsec has been delivered just three years since the inception of the product.
Commenting on the upgraded rating, Montgomery head of distribution, Scott Phillips said the fund had been focused on delivering out-performance over the market with the ability to protect investor’s capital on the downside — something which was gaining support among advisers.
The Montgomery Fund aims to achieve long term capital and income growth through investment in equities across both Australian and New Zealand businesses.
The fund is focused on protecting investor’s capital through the use of proprietary quality measures, buying businesses at a discount to intrinsic value and having the flexibility to hold unconventionally large amounts of cash when opportunities aren’t widely available.
