Zenith lists top global funds
Boutique research house Zenith has put out a review of Australia’s international equities funds, with Macquarie and AWFM Davis coming out on top.
The Macquarie fund which is managed by New York-based manager Morgan Stanley, scored a highly recommended rating from Zenith, as did AWFM’s large cap value trust.
The AWFM trust, which is also offered by MacquarieInvestment Management, allows investors to gain access to the investment advisory services of Davis Selected Advisers (‘Davis Advisors’), a US-based investment adviser concentrating on equity securities, which currently has no market presence in Australia.
Scoring a recommended rating from Zenith were Colonial First State’s Global Resources and Global Resources Long Short Funds, Credit Suisse AssetManagement’s Global Long/Short Equity Fund, HFA International Shares Fund, the Macquarie Walter Scott Global Equity Fund, Platinum’s International and International Brands funds, the PM Capital Absolute Performance Fund, the Select Gold Fund and the UBS International Share Fund.
Also appearing on Zenith’s recommended list with an ‘Approved’ rating was the Perpetual International Fund.
Perpetual’s international operation has earned the endorsement of several research houses, including Morningstar and Standard& Poor’s, since it was set up in Dublin earlier in the year.
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