Zenith delivers ‘recommended’ rating to Morningstar IM funds


The investment management arm of research and ratings house, Morningstar, has looked to another investment research provider, Zenith, to rate its multi-asset real return funds.
Morningstar announced today that the funds had received a ‘recommended' rating from Zenith.
The funds in question are objective-based multi-asset offerings that invest across a broad range of asset classes and investment strategies.
The ratings apply to Morningstar Aggressive Real Return (APIR: INT0040AU), Morningstar High Growth Real Return (APIR: INT0042AU), Morningstar Growth Real Return (APIR: INT0038AU), Morningstar Balanced Real Return (APIR: INT0028AU), and Morningstar Conservative Real Return (APIR: INT0034AU).
Commenting on the ratings, Morningstar Investment Management chief investment officer, Andrew Lill, said: "Zenith's ratings provide a rigorous endorsement of the quality of our approach to multi-asset investing".
"We remain focused on building world-class investment strategies that leverage our proprietary research to deliver great outcomes for Australian investors. We're also committed to operating in accordance with our principles of taking a fundamental, valuation-driven approach, building portfolios holistically, investing for the long-term, being independent-minded, striving to minimise costs, and putting the interests of investors first."
Recommended for you
The possibility of a private credit ETF is looking unlikely for now with US vehicles seeing limited uptake, according to commentators, but fixed income alternatives exist that can provide investors with a similar return.
Ahead of the approaching end of the financial year, State Street has shared five tips for advisers who are using ETFs in their client portfolios.
The use of active ETFs in model portfolios by financial advisers is a key factor in the growth of the products for iShares, according to BlackRock.
Global asset manager BlackRock has identified bringing private markets to the wealth channel as a key business area for the firm that could generate US$500 million in revenue in the future.