AMP product gets ‘recommended’ rating
Ratings house Zenith late last month announced it had initiated coverage of the AMP Wholesale Australian Bond Fund — granting the product a "recommended" rating.
Explaining its rating, the ratings house said it believed the key strength of the fund rested with its investment team which was "amongst the most highly regarded across our Australian fixed interest universe.
"We are also of the view that the fund's process is well structured, aligned with its philosophy and amongst the most impressive across our rated universe," the Zenith analysis said.
The product is described as being an actively managed fixed interest strategy, primarily investing in locally issued government bonds and credit securities; enacting strategies including duration, yield-curve positioning, sector rotation and credit.
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