Managers get thumbs up for equities offerings
Market Vectors ETFs has scored a handful of Four Star ratings from SQM Research for six of its funds, opening the way for their inclusion on the approved product lists of financial advisers.
The funds which secured the ‘Superior' rating are defined by SQM as funds that outperform (or are likely to) its peers and benchmark the majority of the time.
SQM provided the rating to the Market Vectors MSCI World ex Australia Quality ETF, Market Vectors Australian Equal Weight ETF, Market Vectors Australian Banks ETF, Market Vectors Australian Property ETF, Market Vectors Australian Resources ETF, Market Vectors Australian Emerging Resources ETF (ASX: MVE)
Market Vectors Australia, Director, Intermediary and Institutions, Matthew McKinnon said the ratings confirmed the robust nature of its ETFs and recognised its investment team and processes.
SQM also stated that the resources and capabilities of the Market Vectors' parent entity — Van Eck Global based in New York, positively influenced the ratings and that it had displayed a solid track record in issuing and managing ETFs since 2006.
Boutique global equities manager Tempo Asset Management has received its first rating from Lonsec within a year of the launch of its global equities fund.
Lonsec said the fund's strategy was "heavily grounded in academic research, and Lonsec considers the investment team to have a strong pedigree in translating academic research into investable portfolios."
Tempo is backed by Challenger's multi-boutique business, Fidante Partners. Founders Joe Bracken and Robert Chapman have worked together since 2007, previously at BT Investment Management.
Lonsec highlighted the pair's long track record in developing and managing quantitative investment strategies with Tempo's Global Equity Fund aiming to outperform the MSCI World over the long term.
AUTHOR
Jason Spits
Recommended for you
Natixis Investment Managers has hired a distribution director to specifically focus on the firm’s work with research firms and consultants.
The use of total portfolio approaches by asset allocators is putting pressure on fund managers with outperformance being “no longer sufficient” when it comes to fund development.
With evergreen funds being used by financial advisers for their liquidity benefits, Harbourvest is forecasting they are set to grow by around 20 per cent a year to surpass US$1 trillion by 2029.
Total monthly ETF inflows declined by 28 per cent from highs in November with Vanguard’s $21bn Australian Shares ETF faring worst in outflows.
