BT and Perpetual take top S&P ratings
Standard & Poor’s (S&P) has awarded BT and Perpetual a five star rating in its latest S&P Australian Equities — Large Cap concentrated peer group review.
The two Australian concentrated managers emerged with the two five star-rated managers in the review of 12 investment strategies offered by 11 managers.
“Their focus is on selecting high-quality companies that are leaders in their respective industries and which have the ability to produce stable cash flows over the longer term,” according to an S&P media release.
Of those that were rated, six product ratings remained unchanged, one was downgraded, one was upgraded and four were rated for the first time, it said.
The portfolios in the concentrated peer group will typically hold 15 to 25 stocks, with the top 10 stocks representing 50 per cent to 65 per cent of the overall portfolio.
The concentrated peer group is a segment of the Australian Equities Large Cap review, which covers 12 peer groups and 98 strategies.
Recommended for you
Two commentators have shared why cultural alignment can be the biggest deal breaker when it comes to advice M&A and how to ensure a successful fit.
With an abundance of private market options coming to market, due diligence becomes increasingly important as advisers separate the wheat from the chaff, adviser Charlie Viola has said.
The Treasury has launched a consultation into how the $47 million special levy for the Compensation Scheme of Last Resort will be funded.
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
