Zenith reviews diversified sector
The Merrill Lynch Global Allocation Fund has received Zenith Investment Partners’ highest accolade after a review of the diversified sector, in which eight products were placed on the rater’s recommended list.
Of the eight products, which consist of two conservative funds, three balanced funds and three growth funds, Merrill Lynch was the only product to be distinguished with a highly recommended rating.
As part of the review, Zenith found that there was currently a significant divergence in the skill and track records of fund-of-fund managers in the Australian market, and while some had delivered impressive results, others had achieved disappointing outcomes.
The other funds to be included on the list were IOOF Wholesale Capital Stable Trust, UBS Defensive Investment Trust, IOOF Wholesale Balanced Trust, Schroder Balanced Fund Wholesale Class, BT Wholesale Active Balanced Fund, Perpetual Wholesale Balanced Growth Fund, and UBS Balanced Investment Fund.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
