Morningstar names promising strategies
Morningstar has published a list of new promising investment strategies that have the potential to attract broader attention from investors.
The new prospects would include the following funds:
- AB Global Equities
- Bennelong Concentrated Australian Equities
- JPMorgan Global Research Enhanced Index Equity
- Solaris Australian Equity Long Short
AB Global Equities was appreciated due to its strong focus on sustainable business models and reasonable valuations and a competitively-priced global equity strategy, while Bennelong Concentrated Australian Equities, which is run by skilled portfolio manager Mark East, was praised for its investments in domestic stocks with earnings power and growth potential.
According to Morningstar, JPMorgan Global Research Enhanced Index Equity could be attractive for investors due to its modest active bets combined with an experienced team which ran the strategy for almost over a decade outside Australia.
At the same time, Solaris Australian Equity Long Short offered a high-conviction approach which was new to the Australian market and built on a core investment process that was rated highly.
Additionally, Morningstar’s six-monthly Prospects Report identified two funds which were “graduated to full coverage” while three others dropped from the list.
The funds which graduated (pending analyst ratings) were:
The funds which dropped from the list were:
- Pangana PanAgora Absolute Return Global Equities
- Presima Global Property Securities Concentrated
- Wavestone Wholesale Australian Share
Morningstar’s managing director manager research ratings Asia-Pacific, Chris Douglas, said that the report aimed to identify strategies that may deserve a wider audience and eventually full analyst research coverage.
AUTHOR
Oksana Patron
Recommended for you
ETF investors would be wise to consider global or European exposure for their equity ETF allocations, according to AXA IM, with US government action expected to hit both its equity and bond performance.
A specialist ETF provider is seeking to become “the new Betashares” with its active ETFs, thanks to its use of algorithms to achieve outperformance.
Platinum Asset Management has entered into binding terms for a merger with L1 Capital with the firm to be renamed upon completion
Prime Value Asset Management has launched a retail fund investing in microcap companies, a new version of its existing wholesale offering.
