Perpetual rules new Crown Ratings
Perpetual Investment Management has emerged as the most effective fund manager over the last three years, with the most funds worthy of being awarded the highest rating within Money Management’s new quantitative Crown Ratings powered by FE.
Seven Perpetual funds were deemed worthy of five Crowns under the rating regime - something which will ensure Australian financial advisers benefit from the same advantages enjoyed by their counterparts in the United Kingdom.
The seven Perpetual funds earning a Five Crown rating were: Perpetual Growth Opportunities, Perpetual Wholesale Alternative Income, Perpetual Pure Microcap, Perpetual Pure Value Share, Perpetual Wholesale Dynamic Fixed Income, Perpetual Wholesale Smaller Companies 2 and Perpetual Wholesale Split Growth.
The other fund managers to rank among the top performers were Morningstar Investment Management, IOOF Investments and Macquarie Investment Management with six funds deserving of the top-most rating, and Fiducian and Investors Mutual with five products.
Commenting on the launch of the Crown Ratings, FE Money Management managing director, Mika-John Southworth said the importance of the methodology behind the Crown Ratings was that it cut through the complexity of peripheral products to focus on the core funds.
Group Executive, Perpetual Investments, David Lane said the outcome reflected the company’s true-to-label and disciplined approach which had proven successful over many years and many market cycles.
We have a strong, dedicated and experienced team that is committed to providing positive outcomes for our clients. We place a strong emphasis on developing talent from within, which is one of the key reasons why we have been able to perform consistently over many years,” he said.
Recommended for you
The $673 billion global investment manager has appointed a former Zenith sales head as it seeks to expand its reach in the Australian wealth management market.
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
