Lonsec names top global equity funds
Lonsec has given seven funds its top rating of Highly Recommended in the latest 2009-10 Large Cap Global Equity Fund sector review.
Of the 32 funds considered, only the Goldman Sachs JBWere International Fund and the MFS Global Equity Trust were upgraded to receive the top rating.
Also making the top seven were Arrowstreet Global Equity Fund, Templeton Global Equities Fund, T.Rowe Price Global Equity Fund, Walter Scott Global Equity Fund and Zurich Global Thematic Share Fund.
Three new funds were reviewed, including the Colonial FirstChoice Realindex RAFI Global Share Fund, Franklin Global Growth Fund and Wellington Global Value Equity Fund. Lonsec also considered a further 15 ‘prospect funds’ across large and small caps sectors.
The research uncovered significant trends in the market, showing that in the latest period, currency and the level of hedging adopted in each fund had the potential to significantly impact the end return to investors.
“In contrast to Lonsec’s 2008-09 review, unhedged funds have significantly lagged their hedged counterparts over the year to January 2010,” the company stated.
Lonsec also found that the scale and ferocity of the rally since March 2009 has led to differences of opinion about the durability and shape of the recovery. Most fund managers agreed, it said, that the global economy would undoubtedly experience sub-trend growth.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
