Alphinity’s fund ‘recommended’ by Zenith
The Alphinity Global Equity Fund, which passed its three-year milestone in December, has been granted a ‘recommended’ rating from Zenith Investments Partners.
Additionally, the fund also received a four-star Overall Morningstar Rating as at 31 December, 2018.
Zenith praised the company for its “highly experienced” team and described the fund as “well-managed”.
The fund was launched on 21 December, 2015 and managed to outperform the MSCI World Net Return (AUD), returning 8.2 per cent per annum since inception, 11.5 per cent per annum over two years and 2.4 per cent over the past year, including the recent market correction, the company said.
The strategy was run by a separate team of four portfolio managers: Jonas Palmqvist, Jeff Thomson, Lachlan MacGegor and Nikki Thomas, and sat under the umbrella of Alphinity Investment Management.
It provided an actively managed exposure to a high conviction portfolio of global companies with underappreciated earnings growth potential and typically held between 30 and 45 stocks across different market sectors and regions.
Alphinity’s global strategy had $1 billion of funds under management, of which around $37 million came from early investors in the retail fund.
“The key to our success and the recent Zenith rating has been what we call conviction with consistency’ “, Thomson said.
“We focus on rigorously testing and refining our best ideas to the point where we have a high degree of comfort that the ones we invest in will achieve strong returns.”
AUTHOR
Oksana Patron
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
