S&P withdraws ratings on Russell funds
Standard & Poor's Fund Services (S&P) has suffered its first major ratings withdrawal after the announcement that S&P Capital IQ would no longer conduct its services in Australia.
Russell Investment Management (Russell) has asked S&P to withdraw the ratings on 22 funds managed by Russell, the researcher has confirmed.
This is the first ratings withdrawal request made by a major client after S&P Capital IQ - a division of Standard & Poor's that provides web-based analytics and information services - announced it would no longer be conducting local funds research and local wealth management services in Australia as of 1 October 2012.
In January, Macquarie Investment Management asked the researcher to withdraw ratings on its Australian Microcap Fund, while ANZ Group's conduit Aurora Securitisation had S&P ratings pulled on its ABCP programs in mid-February.
Recommended for you
There have only been a “handful” of opportunities in the last 20 years when infrastructure has looked as cheap relative to equities as it does now, according to Lazard, making it a viable option to provide portfolio security amid market volatility.
Technology firm Iress and investment manager Challenger have formed a strategic partnership to launch an adviser solution to better serve their retiring clients.
While M&A has ramped up nationwide, three advice heads have explored Western Australia’s emergence as a region of interest among medium-sized firms vying for growth opportunities in an increasingly competitive market.
The Australian Financial Complaints Authority has reported an 18 per cent increase in investment and advice complaints received in the financial year 2025, rebounding from the previous year’s 26 per cent dip.
