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Dalton Nicol Reid’s Australian Equity Growth Incrementus Portfolio has been assigned a three-star rating from Standard & Poor’s (S&P).
The boutique manager’s separately managed account (SMA) model portfolio represents a concentrated portfolio of mainly Australian large to mid-cap equities, according to S&P.
Since its inception in 2002 it has “consistently recorded higher absolute and risk-adjusted returns relative to its benchmark,” S&P analyst Rodney Lay said.
He said excess returns have been recorded in both rising and falling market environments while the level of volatility has been slightly below the benchmark.
S&P sees the model portfolio as suitable for the SMA environment.
It is “characterised by low to moderate turnover, and is managed in a way that reduces various other SMA model-portfolio-specific risks,” Lay said.
