Zurich moves up to four Morningstars
Zurich has joined the four-star club for managers rated by Morningstar.
This means the investment manager has been branded a "very good" quality fund manager and joins the likes of AMP, ING, JB Were, Merrill Lynch, MLC and Rothschild.
Morningstar found that the fund manager had more funds which individually had four and five star status than previously, with more than 70 per cent of its funds of four-star calibre, and 20 per cent of funds awarded five stars.
The research house highlighted a few key areas which it said were responsible for Zurich's new rating.
First, more of Zurich's funds were achieving better quarterly returns than any other of their peers.
Second, the funds were found to have achieved lower volatility than what they had 12 months earlier.
Finally, their risk/return ratios were found to be more efficient than those of their peers.
AUTHOR
Lachlan Gilbert
Recommended for you
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.
With a growing number of advisers now running their own business, they need to pivot their career identity to being a business owner rather than just as a financial adviser if they want to futureproof their business.
Zenith Investment Partners has launched a range of new managed account portfolios over the past quarter, including on Insignia Financial’s Expand platform.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
