Research and ratings house Zenith has delivered fund manager, Perpetual Investments, a "recommended" rating for its Perpetual Global Share Fund.
The rating was confirmed by both Zenith and Perpetual Investments group executive, Michael Gordon, who said the rating would support the company's continued sales and distribution efforts around the product.
Perpetual portfolio manager, Garry Laurence, who manages the product, said he had been delighted by the rating.
"It's been a volatile start to 2015 and as a value-oriented investor we believe there are some exciting opportunities within global equities," he said. "There is increasing demand for global equities as domestic returns look more subdued and we believe it is certainly a stock picker's market in regions such as Europe and Asia, where valuations are more attractive."
In delivering the rating, Zenith identified Perpetual's investment process as "conceptually sound, rigorous and repeatable" and noted that being "managed from the perspective of an Australian investor" represented a "key attraction" of the Fund.
Perpetual has described the fund as having an objective to provide investors with long-term capital growth and income through investment in quality global shares and outperform the MSCI World Net Total Return Index ($A).
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