All praise for BGI in latest Assirt rating
Barclays Global Investors(BGI) has received a glowing report fromAssirtin its latest rating, receiving a five star rating for seven of its funds.
BGI was rated ‘very strong’ on business management, active Australian shares, active international shares, and indexed — Australian Shares, international shares and property securities, also receiving ‘strong’ ratings for asset allocation, active Australian fixed interest, active property securities, cash and indexed - Australian and international fixed interest.
Assirt praised BGI highly for its ability to identify deficiencies and continuously refine its process, tools and techniques.
“Our confidence in BGI’s process is supported by the fact that the manager is constantly developing new signals and refining their research without overly complicating the broader strategy. Performance has remained very strong and resilient throughout the market cycle,” Assirt’s report says.
“BGI has evolved from being perceived as an enhanced index house to a leader in the provision of risk controlled active and alternative strategies…A major component of BGI’s success is its preparedness to close legacy funds aggressively; another is its ability to deliver high quality and innovative strategies that capitalise on the managers’ expertise.”
Assirt also reported that BGI plans to launch a number of additional total return funds over the next 12 months, having already launched an absolute return product, the Barclays Global Markets fund, in January.
Recently BGI was added to the Australian equities manager line-up forING’s platform Optimix, and is now approaching $10 billion in funds under management in this area.
The funds which received a five star rating in this latest review were the Barclays Managed Investment Funds - Australian Share Fund, Barclays Superannuation Funds - Australian Share Fund, Barclays International Funds - International Share Fund, Barclays Hedged International Share Fund, Barclays Managed Investment Funds - Australian Equity Index, Barclays International Equity Index Fund and the Barclays Property Securities Index Fund.
Recommended for you
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
Betashares has named the top Australian suburbs with the highest spare cash flow, shining a light on where financial advisers could eye out potential clients.
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
