S&P reaffirms ratings in large cap index review
Standard and Poor’s (S&P) has reaffirmed its four-star ratings in its Australian Equities Large Cap Index review.
Vanguard Investments’ Australian Shares Index Fund and Australian Share High Yield Fund strategies were awarded four-star ratings as part of the review. S&P said the high yield fund offers investors “a relatively cheap way to access high amounts of franked dividend income”.
Colonial First State’s new fund strategy was rated four stars for the first time. S&P said in low volatility markets it uses optimisation strategies to select a few representative stocks that have similar characteristics to the small-cap group and can move the portfolio to a fully replicated model if market volatility increases.
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