AB’s fixed income fund ‘recommended’
AllianceBerstein (AB)'s dynamic global fixed income fund has received a ‘recommended' rating by investment research house, Lonsec, while it outperformed across all periods, according to Money Management's Investment Centre.
The fund produced a return of 5.4 per cent over the last 12 months, while it outperformed its benchmark over 12, six and three months, based on the MMIC.
The manager said the fund was designed for investors who wanted income above the bank bill rate, while it did not use an index for its portfolio construction.
In the rating upgrade, Lonsec said it usually made assessments based on a three-year track record, but "the fund performed well over its short history".
Lonsec also said it had conviction in lead portfolio manager, John Taylor, and was impressed by the team's focus on risk management, as well as its diversification of alpha sources.
AB's chief executive, Jen Driscoll, said: "Its success to date supports our firmly held view that fixed income still has a place in investors' portfolios, despite record low interest rates and market volatility".
To compare the fund to its peers and the index, click here http://investmentcentre.moneymanagement.com.au/factsheets/tnau/factshee…
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
