Strong performers in Zenith global equities review
The latest international shares sectors review from Zenith Investment Partners has awarded highly recommended ratings for 13 products across six managers.
There were also 45 products rated as recommended, from an initial total of 180 products.
Zenith expressed confidence the highly recommended global equity managers Independent Franchise Partners, Walter Scott, Magellan, Platinum and Lazard have the skills to exploit inefficiencies in markets.
Zenith’s head of research Ben Davis said some of these funds would underperform in certain environments and may also produce high tracking errors.
“However, we believe retail investors are more concerned about absolute risk/return outcomes. This is demonstrated by the outstanding retail support of Platinum Asset Management, which has raised over $17 billion with little institutional investment,” he said.
Funds from Colonial First State, Martin Currie and the Schroder Global Emerging Markets Fund were downgraded to recommended.
Recommended for you
Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.
Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.
Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.
VanEck is to list two ETFs on the ASX next week, one investing in residential mortgage-backed securities and the other in Indian companies.