Five-star rating for BT property funds: S&P
BT Investment Management has received the first five-star rating in the Australian Listed Property Securities fund sector in over five years, according to Standard & Poor's (S&P) 2011/2012 Australian Listed Property Securities fund sector review.
S&P reviewed 15 headline funds including two benchmark-aware and benchmark-unaware funds and one index strategy.
Peer group ratings experienced just two rating changes; the upgrade of two BT Investment Management funds to five stars - the only five star rated funds in the sector.
Peter Ward, analyst, S&P Fund Services said, "This reflects our very high conviction in the capabilities of the team and the effectiveness of its A-REIT investment approach, which has proven consistently successful through a variety of markets, and importantly, we expect this to continue."
He said the group maintains high standards for manager and fund quality as indicated by the number of four-star ratings, although four of the seven four-star rated funds are managed by SG Hiscock and Company.
S&P will soon release the full sector report including key findings and sector themes.
Recommended for you
Investment solution provider Channel Capital has appointed James Archer as its latest distribution director, joining from Pinnacle Investment Management.
Bennelong Funds Management has signed a memorandum of understanding with US private credit manager Monroe Capital to distribute its products in Australia.
Global equity manager Talaria Capital has appointed a Sydney-based sales director as it grows its distribution presence across Australia.
Global private markets firm Partners Group has launched an evergreen fund to provide Australian advisers with access to its cross-sector royalties strategy.
