Ratings upgrades to increase opportunities for Wingate AM funds
Research house, Zenith Investment Partners, has upgraded two of Wingate Asset Management's funds to ‘recommended' following its most recent review.
Wingate chief investment officer, Chad Padowitz, said the ratings upgrades would provide more Australians with access to the Wingate Global Equity Fund — Wholesale Units (unhedged) and the Wingate Global Equity Fund — Hedged funds.
"The ‘Recommended' ratings from Zenith are recognition of the success of the funds' investment strategy and the benefits it can deliver," he said.
"These ratings mean many more Australian investors will now have the opportunity to invest in the funds.
"Investing internationally provides Australians with access to a broader investment opportunity set, allowing investment in sectors that are not well-represented in the Australian market.
"Global investing also brings portfolio diversification benefits, as international markets are not perfectly correlated to the Australian market.
"The Funds are designed to reduce losses, preserve capital and produce consistent positive returns over the long-term.
"Despite the Funds' high conviction approach to stock selection, they provide sufficient diversification across industries and countries and can be used as a core exposure to international equities in an overall portfolio."
Recommended for you
VanEck’s Bitcoin ETF has amassed $290 million in assets in its first year, but the ETF provider has said financial advisers remain skeptical of the asset.
State Street has rebranded its State Street Global Advisors arm, which has US$4.6 trillion in assets under management, following a series of deals with financial services firms in recent months.
Northern Trust Asset Management has appointed a new head of international and responsible investing.
More than 20 winners have been revealed for the annual Fund Manager of the Year Awards.
