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.
Recommended for you
Magellan has closed out the financial year with funds under management approaching $40 billion and outlined its estimated performance fees.
First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.
Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.