S&P maintains rating on AMP Capital Investors fund
Ratings house Standard & Poor's Fund Services has affirmed its three-star rating on the AMP Capital Investors Responsible Investment Leaders (RIL) International Share Fund following a recent restructure.
The ratings house said the affirmation recognised the manager's level of resourcing within the responsible investment sector and the fund's track record, despite a significant number of changes related to the fund's management.
The S&P analysis referenced the recent restructure, which had seen the head of the multi-manager team, Tanya Debakhapouve, appointed as co-portfolio manager for all AMP Capital Investors multi-manager equities funds where she is in charge of portfolio construction and investment strategy.
It said the former portfolio manager of the fund, Sally Boone, would on her return from parental leave become co-portfolio manager responsible for manager research and monitoring.
"While we are concerned by the frequent change this fund has experienced at the portfolio manager level, in our opinion, the latest changes should benefit the fund," the analysis said.
"Despite recent departures within the investment team, the manager's level of resourcing remains adequate."
However it said that given the numerous changes, in order to retain or increase S&P's level of conviction, a period of stability would be needed.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
