Zenith ‘highly recommends’ seven fixed income funds
Seven funds have made it onto the Zenith Investment Partners ‘highly recommended’ list as a result of the company’s latest Fixed Income Sector Review, with 12 being rated ‘recommended’.
According to Zenith, the seven funds to be rated ‘highly recommended’ are the Tyndall Australian Bond Fund, the Macquarie Income Opportunities Fund, the Goldman Sachs JBWere CorePlus Australian Fixed Interest Fund, the Advance International Fixed Income Multi-Blend Fund, the Colonial First State Wholesale Global Credit Income Fund, the Macquarie Diversified Fixed Interest Fund and the Schroder Fixed Income Fund.
At the same time, Zenith investment analyst Steven Tang talked down the prospects of a ‘bond bubble’ occurring in the US Treasury market, claiming that current events did not fulfil the typical definition of a ‘bubble’.
“Unlike other financial markets, investors know exactly what returns they will receive if they hold until maturity — assuming no defaults,” Tang said.
AUTHOR
Mike Taylor
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
