Basis and CFS top in international fixed interest
BasisCapital and Colonial First State (CFS) manage the two best Australian funds in the international fixed interest space, according to boutique research house Zenith.
The Melbourne-based research outfit, which has five analysts in its research team, has given the Basis Yield Fund and the CFS Wholesale Global Credit Fund a ‘highly recommended’ rating in its overall review of the sector for 2005.
The next six best funds, which were given a ‘recommended’ rating by Zenith, are the CFS Wholesale Diversified Fixed Interest Fund, the Credit Suisse Global Hybrid Income Fund, the Credit Suisse Syndicated Loan Fund, the Macquarie Master Diversified Fixed Interest Fund, the Merrill Lynch Monthly Income Fund and the Principal Global Strategic Income Fund.
“For the eight funds on our list, their scores have been partly based on a strong investment team through to a strong investment process,” Zenith senior investment analyst Ben Davis said.
Davis said the ‘highly recommended’ Basis Capital and CFS funds performed exceptionally in all areas of its quantitative due diligence assessment including information resources, investment philosophy, security valuation and selection, portfolio construction and risk management.
As for the performance of the sector as a whole, Davis recommended diversification to counter current low yields from government and corporate bonds.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.