Morningstar awards Rothschild extra star
Morningstar has upped its star rating of Rothschild funds from three to four.
The rating change, effective February 28 this year, means Rothschild now enters the league of other four star rated companies such as AMP, ING, JB Were, Merrill Lynch and MLC.
Almost all of Rothschild's funds under management were placed in Morningstar's good, very good or excellent quality funds which has led to the updated rating. Morningstar says Rothschild's improved standing is due to improvements in the underlying quant ratings for its various funds since March last year.
Morningstar identifies Rothschild's increased efficiency in risk, with 60 per cent of its funds having a risk/return rating greater than six as opposed to 39 per cent a year earlier.
Also, the research house says Rothschild's funds were achieving lower quarterly volatility over time than the average fund in their peer group. Statistically, this is expressed in Rothschild's funds with an average risk rating of more than six increasing from 71 per cent at March 31, 2000 to 78 per cent at February 28 this year.
Recommended for you
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?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
