Both funds, which were launched this year in February, were designed to mirror the long-established unit trusts managed by Martin Currie Australia.
Zenith praised EINC for its investment team and investment process which represented “an attractive option within the Australian equity peer group”.
EINC replicates the strategy of the Legg Mason Martin Currie Equity Income Fund, which was launched in 2011 and produced a total return of 8.5 per cent over the 12 months to the end of September.
As far as RINC was concerned, Zenith said it had “high regard for portfolio manager Ashton Reid and the fund’s well-established investment process”.
Also, the fund was said to be well positioned to achieve its targeted objectives, while providing investors with a more defensive exposure to the Australian equity market, the research house said.
“We launched EINC and RINC in February of this year in direct response to demand from our existing clients,” Legg Mason’s managing director, Australia and New Zealand, Andy Sowerby said.
“Investors who prefer to deal on the ASX lacked choice for active investment strategies that target the production of high, sustainable and growing income streams. These active ETFs fill that gap.”