S&P reaffirms ratings in large cap index review
Standard and Poor’s (S&P) has reaffirmed its four-star ratings in its Australian Equities Large Cap Index review.
Vanguard Investments’ Australian Shares Index Fund and Australian Share High Yield Fund strategies were awarded four-star ratings as part of the review. S&P said the high yield fund offers investors “a relatively cheap way to access high amounts of franked dividend income”.
Colonial First State’s new fund strategy was rated four stars for the first time. S&P said in low volatility markets it uses optimisation strategies to select a few representative stocks that have similar characteristics to the small-cap group and can move the portfolio to a fully replicated model if market volatility increases.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.