Minimal ratings damage from 452 Capital transition
The transition from 452 Capital to the renamed CFS Integrity Wholesale Australian Share No. 2 Fund and the CFS Wholesale Geared Australian Share Core Fund appears to have been accomplished without undue damage to the fund’s rating.
Ratings house, Standard and Poor’s (S&P) announced this week that it had assigned a four-star “new” rating to the newly-named funds following the transition of the portfolios from 452 Capital to Integrity Investment Management and the CFS Core Australian equities team.
S&P fund services analyst, James Gunn said both Integrity and CFS Core were well regarded by the ratings house with the assigned ratings in line with the current ratings of their respective flagship Australian equities offerings.
“However existing investors need to ensure they are comfortable with the characteristics of the funds’ new investment managers in the context of their overall exposure to Australian equities,” he said.
AUTHOR
Mike Taylor
Recommended for you
The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted.
After seven weeks of strong growth, Wealth Data analysis shows financial adviser gains are now tapering off and returning to a regular pace.
Count chief executive Hugh Humphrey has said FY25 was a “milestone year” for the business as it completed its Diverger integration, exceeding targets with $5.1 million in cost synergies.
US wealth manager Focus Financial Partners, which includes Australia’s Escala Partners, has appointed a chief strategy officer to fuel further Australian growth.
