Morningstar confirms nine long-short fund recommendations
Morningstar has confirmed its recommended rating for six Australian equities strategies and three global equities strategies, following a survey of fund managers that use short selling in their portfolios.
The survey was intended to see how restrictions imposed this week on shorting both domestically and globally have affected the ability of these fund managers to manage their share portfolio in search of alpha.
“We are in continuing dialogue with these fund managers, and monitoring how the restrictions on short-selling are affecting their investment management abilities,” senior research analyst Chris Douglas said.
“In all these cases we’re comfortable about the fund manager’s ability to run a long-only portfolio,” he said.
Strategies with a recommended rating are: Acadian Wholesale Global Equity Long Short, Colonial First State FC and PM Capital Absolute Performance.
Platinum International has a highly recommended rating.
Investment grade rated funds are: EQT SGH Absolute Return, Optimix Wholesale — Australian Share, PM Capital Australian Opportunities, Portfolio Partners Personal High Growth Shares, and Tribeca Australian Equity Long Short.
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