Kardinia holds ‘highly recommended’ rating
Bennelong Kardinia Absolute return fund has retained its ‘highly recommended' Zenith rating for the fifth consecutive year, according to the ratings house.
Zenith Investment Partners reported that "[the Kardinia investment team] was of high calibre and recently bolstered by the addition of senior analyst, Stuart Larke, in January 2016".
Zenith also highlighted that the fund was among others that preserved capital in falling markets, as it materially lowered its net equity exposure.
"Kardinia maintains an equal focus on meeting its performance objectives and capital preservation," Zenith said.
The ratings house also admired the managers' underlying investment philosophy and processes.
Kardinia was founded in 2011 by Mark Burgess and Kristiaan Rehder, in partnership with Bennelong Funds Management.
The Bennelong Kardinia Absolute Return Fund aimed to provide an absolute excess return of 10 per cent per annum, over the long-term, Bennelong said.
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.
