AB’s fixed income fund ‘recommended’
AllianceBerstein (AB)'s dynamic global fixed income fund has received a ‘recommended' rating by investment research house, Lonsec, while it outperformed across all periods, according to Money Management's Investment Centre.
The fund produced a return of 5.4 per cent over the last 12 months, while it outperformed its benchmark over 12, six and three months, based on the MMIC.
The manager said the fund was designed for investors who wanted income above the bank bill rate, while it did not use an index for its portfolio construction.
In the rating upgrade, Lonsec said it usually made assessments based on a three-year track record, but "the fund performed well over its short history".
Lonsec also said it had conviction in lead portfolio manager, John Taylor, and was impressed by the team's focus on risk management, as well as its diversification of alpha sources.
AB's chief executive, Jen Driscoll, said: "Its success to date supports our firmly held view that fixed income still has a place in investors' portfolios, despite record low interest rates and market volatility".
To compare the fund to its peers and the index, click here http://investmentcentre.moneymanagement.com.au/factsheets/tnau/factshee…
Recommended for you
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
