Russell receives 'highly recommended' Zenith rating
Russell Investments has emerged as the only manager to have its funds rated as "highly recommended" in the latest Zenith Investment Partners Diversified Fund Sector Report.
The report, published last week, revealed a further 39 funds covered by the review had received a "recommended" rating from Zenith while nine had received an "approved" rating.
Commenting on the outcome, Zenith senior investment analyst Andrew Yap said the emergence of further quality offerings within each of the ‘real return', ‘single manager' and ‘multi-manager' categories had seen the ratings house assign a greater number of ratings across the diversified sector than in previous years.
He said the continued growth in the number of strategies offered across the sector could be attributed to a refocusing of business priorities, increased investor demand for tailored multi-asset strategies, and further legislative burden.
"Market conditions have further evolved since Zenith's 2012 Review," Yap said.
"Notwithstanding the challenges that continue to face many global economies, sentiment has broadly improved, and along with this volatility has moderated.
"Zenith attributes this market dynamic to the significant fiscal programs and less traditional monetary policies pursued by governments and central authorities in an effort to restore investor confidence," he said.
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