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
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
