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
The $673 billion global investment manager has appointed a former Zenith sales head as it seeks to expand its reach in the Australian wealth management market.
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
