The firm announced its fund has been rated as “highly recommended” by the organisation, which indicates Lonsec has a “very strong conviction” that the fund can meet its objectives.
This rating reflected the investment expertise of the portfolio manager and its track record of conservative risk management and strong performance, having been running since June 2003.
The Enhanced Income Fund aims to earn higher returns than traditional cash management and fixed income investment over the medium to long term through exposure to a diversified portfolio of hybrid (debt/equity) and fixed income securities.
It is managed by portfolio manager Roy Keenan, who is also the firm’s co-head of fixed income jointly with Darren Langer, and head of Australian credit research Phil Strano. This investment expertise adds strong skills and experience in credit analysis and portfolio structure to the fund, Lonsec said.
Edward Eason, managing director of Yarra Capital Management, said: “The further endorsement from Lonsec is reflective of Yarra’s relentless pursuit of risk-adjusted returns and an unwavering commitment to its philosophy and process. We congratulate Roy and the team, and are excited for the ongoing successes that lie ahead.”
