BT and Perpetual take top S&P ratings
Standard & Poor’s (S&P) has awarded BT and Perpetual a five star rating in its latest S&P Australian Equities — Large Cap concentrated peer group review.
The two Australian concentrated managers emerged with the two five star-rated managers in the review of 12 investment strategies offered by 11 managers.
“Their focus is on selecting high-quality companies that are leaders in their respective industries and which have the ability to produce stable cash flows over the longer term,” according to an S&P media release.
Of those that were rated, six product ratings remained unchanged, one was downgraded, one was upgraded and four were rated for the first time, it said.
The portfolios in the concentrated peer group will typically hold 15 to 25 stocks, with the top 10 stocks representing 50 per cent to 65 per cent of the overall portfolio.
The concentrated peer group is a segment of the Australian Equities Large Cap review, which covers 12 peer groups and 98 strategies.
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
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.
