Lonsec names top global equity funds
Lonsec has given seven funds its top rating of Highly Recommended in the latest 2009-10 Large Cap Global Equity Fund sector review.
Of the 32 funds considered, only the Goldman Sachs JBWere International Fund and the MFS Global Equity Trust were upgraded to receive the top rating.
Also making the top seven were Arrowstreet Global Equity Fund, Templeton Global Equities Fund, T.Rowe Price Global Equity Fund, Walter Scott Global Equity Fund and Zurich Global Thematic Share Fund.
Three new funds were reviewed, including the Colonial FirstChoice Realindex RAFI Global Share Fund, Franklin Global Growth Fund and Wellington Global Value Equity Fund. Lonsec also considered a further 15 ‘prospect funds’ across large and small caps sectors.
The research uncovered significant trends in the market, showing that in the latest period, currency and the level of hedging adopted in each fund had the potential to significantly impact the end return to investors.
“In contrast to Lonsec’s 2008-09 review, unhedged funds have significantly lagged their hedged counterparts over the year to January 2010,” the company stated.
Lonsec also found that the scale and ferocity of the rally since March 2009 has led to differences of opinion about the durability and shape of the recovery. Most fund managers agreed, it said, that the global economy would undoubtedly experience sub-trend growth.
Recommended for you
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.
Estimates for the calendar year 2024 put the advice industry on track for a loss in adviser numbers as exits offset gains from new entrants.
Adviser Ratings shares five ways that financial advice changed in 2024 with an optimistic outlook for 2025, thanks to the Delivering Better Financial Outcomes legislation.
National advice firm Invest Blue has announced several acquisitions, including the purchase of an estate planning and wealth protection business Lambert Group.
