Zenith upgrades Colchester fund
Zenith has announced it has upgraded the Colchester Global Government Bond Fund to ‘highly recommended’.
The research house praised the fund for the “calibre of the investment team and quality of the firm’s macroeconomic modelling” and noted their “increased conviction in Colchester’s global sovereign bond capability”.
At the same time, Morningstar reaffirmed its silver analyst rating for the fund while Lonsec retained its ‘highly-recommended’ rating for the third time late last year.
Colchester’s head of distribution, Australia, Angela MacPherson said that the fund surpassed $170 million in funds under management (FUM) which was widely listed on platforms.
“We’re seeing our inclusion in model portfolios and managed accounts and are pleased to see this growth in awareness by financial planners,” she said.
According to FE Analytics, the fund delivered annualised returns of 3.17 per cent since inception.
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
