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.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
