Yarra sees bond fund upgraded by Lonsec
Yarra Capital Management has received a top rating for its Enhanced Income fund from research house Lonsec.
The firm announced its fund has been rated as “highly recommended” by the organisation, which indicates Lonsec has a “very strong conviction” that the fund can meet its objectives.
This rating reflected the investment expertise of the portfolio manager and its track record of conservative risk management and strong performance, having been running since June 2003.
The Enhanced Income Fund aims to earn higher returns than traditional cash management and fixed income investment over the medium to long term through exposure to a diversified portfolio of hybrid (debt/equity) and fixed income securities.
It is managed by portfolio manager Roy Keenan, who is also the firm’s co-head of fixed income jointly with Darren Langer, and head of Australian credit research Phil Strano. This investment expertise adds strong skills and experience in credit analysis and portfolio structure to the fund, Lonsec said.
Edward Eason, managing director of Yarra Capital Management, said: “The further endorsement from Lonsec is reflective of Yarra’s relentless pursuit of risk-adjusted returns and an unwavering commitment to its philosophy and process. We congratulate Roy and the team, and are excited for the ongoing successes that lie ahead.”
AUTHOR
Laura Dew
Recommended for you
Magellan has confirmed the new leadership of its active infrastructure ETF once head of investment, Gerald Stack, exits in July.
Vanguard has indicated it is actively trying to meet the demand for international ETFs with its next ETF launches sitting in this space.
Dubious marketing strategies involving financial advisers are among reasons that research house SQM Research has put the private credit space on alert.
New Platinum International portfolio manager Ted Alexander has told its retail and wholesale investors how he plans to improve the $4.4 billion fund's performance while the firm is also exploring new fee structures.
