Morningstar adds new prospect strategies
Morningstar Australasia has added three new strategies to its six-monthly Prospect report which aims to capture the most promising investment strategies.
These were:
- Ballie Gifford LT Global Growth
- BetaShares Legg Mason Australian Bond ETF
- Intermede Global Equities Fund
The Ballie Gifford LT Global Growth is a concentrated global growth strategy invested for the long-term, which was said to have been relatively new to the Australian market, however Morningstar stressed that it had been run overseas for around 15 years.
“Edinburgh-based Ballie Gifford has strong investment pedigree and capably manages this strategy,” the research provider said in the report.
The second one, the BetaShares Legg Mason Australian Bond ETF (BNDS), was the first active bond ETF in Australia and tracked the Legg Mason Western Asset Australian Bond fund. It was appreciated for its relative value approach while leveraging Western Asset’s broader investment resources for macro insights.
Similarly, the third newcomer, the Intermede Global Equities Fund, managed to demonstrate ‘a thoughtful investment process’.
“A reasonable fee adds appeal,” Morningstar added.
The firm also said that five prospects had graduated (AB Global Equities, Barrow Hanley Global Equity Trust, CC JCB Active Bond, JPMorgan Global Researched Enhanced Index Equity and Lazard Global Equity Franchise), while one prospect was dropped (CFM IS Trends)
AUTHOR
Oksana Patron
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