Five stars and a recommended title
The Cromwell Phoenix Core Listed Property Fund has received Financial Express' highest rating of five stars, while it also received a ‘recommended' rating from research house, Zenith Investment Partners.
Cromwell's listed property fund produced a return of 23.74 per cent over the past year, and outperformed the index by 5.07 based on our analysis of Financial Express' data.
Cromwell Property Group said the fund focused on large, well-established Australian property security and related sectors, which included infrastructure.
The investment was led by Phoneix Portfolio's managing director, Stuart Cartledge.
Cartledge said he was pleased that the fund was praised by several research houses, especially as it was in its first year and in a tough environment.
The fund had also been given a ‘recommended' rating by Lonsec and was available through the Macquarie Wrap, Netwealth, OneVue, BT and HUB24.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
