The Merrill Lynch Global Allocation Fund has received Zenith Investment Partners’ highest accolade after a review of the diversified sector, in which eight products were placed on the rater’s recommended list.
Of the eight products, which consist of two conservative funds, three balanced funds and three growth funds, Merrill Lynch was the only product to be distinguished with a highly recommended rating.
As part of the review, Zenith found that there was currently a significant divergence in the skill and track records of fund-of-fund managers in the Australian market, and while some had delivered impressive results, others had achieved disappointing outcomes.
The other funds to be included on the list were IOOF Wholesale Capital Stable Trust, UBS Defensive Investment Trust, IOOF Wholesale Balanced Trust, Schroder Balanced Fund Wholesale Class, BT Wholesale Active Balanced Fund, Perpetual Wholesale Balanced Growth Fund, and UBS Balanced Investment Fund.
