Van Eyk rewards Perpetual strategy
Perpetual Limited has been rewarded for this week's decision to close its Dublin-based international equities manufacturing capability, with ratings house van Eyk upgrading the company's Wholesale International Share Fund.
The van Eyk analysis said the Perpetual fund had earned a place on the 'recommended list' because the job would be outsourced to an experienced team of global investment managers.
The analysis said the fund had been upgraded from 'B' to an 'A' rating because it would now be managed by the Wellington Management Global Value team.
Van Eyk senior analyst Chris Bigg said the ratings house had a favourable view of the Wellington Global Value team and had awarded it an 'A' rating in its 2010 International Equities Review.
"The investment team is comprised of competent and capable people," he said. "They are also able to leverage input from Wellington Management's 47 global industry analysts, and thus, the investment team is very well resourced."
AUTHOR
Mike Taylor
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