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.
AUTHOR
Oksana Patron
Recommended for you
Evidentia’s chief investment strategist Nathan Lim has announced his retirement after a 30-year career.
GQG Partners has marked its fifth consecutive month of outflows as its AI concerns lead to fund underperformance but overall funds under management increased to US$166.1 billion.
Apostle Funds Management is actively pursuing further partnerships in Asia and Europe but finding a suitable manager is a “needle in a haystack”.
Managed account provider Trellia Wealth Partners, formed from the merger between Betashares and InvestSense, has appointed its first managing partner.
