InvestorWeb reserves view on Rothschild deal

funds management business asset classes joint venture

26 April 2002
| By Lachlan Gilbert |

Research house InvestorWeb has place a notice stating that allRothschildfunds were ‘under review’ after the group’s recent announcement that it would merge its funds management business withWestpac.

“Although we are admirers of the group’s (Rothschild) sound management abilities across a number of asset classes, we do not feel it is appropriate for us to recommend the funds until we meet with Rothschild and discuss the terms of the alliance further,” InvestorWeb says.

Interestingly, the joint venture betweenANZandINGwhich was announced only a few weeks before, has been assessed by InvestorWeb as “not greatly impacting the management of the ING Funds Management products but will result in the ANZ Funds Management products now being managed by ING Investment Management.” As a result, InvestorWeb says, there will be no change to its rating of ING funds.

In its other fund ratings, as part of it’s regular monthly review, InvestorWeb downgraded theColonialFuture Leaders Fund to a ‘strong buy’ because of its fund size becoming very large, whileIOOF’sFixed Interest Fund was upgraded to the same, as InvestorWeb felt the fund had a disciplined process and outstanding performance.

In other news,Zurich’sProperty Securities Fund has retained its ‘exceptional buy’ rating following Deutsche’s takeover of Scudder Investments because InvestorWeb says the team at Deutsche will remain intact and the process will be unaltered.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

3 weeks 5 days ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

6 days 3 hours ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

1 day 18 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

22 hours 36 minutes ago