Zenith upgrades AB global fund
AllianceBernstein (AB) has announced that research house, Zenith Investments Partners, has upgraded its rating for the AB Global Equities Fund to ‘highly recommended’, the highest possible rating to be assigned.
The fund, which was first launched in Australia in July 2015, initially received a ‘recommended’ rating form Zenith in December 2015.
Since its inception in Australia, it delivered total returns of 8.34 per cent, compared to the 7.21 per cent delivered by the MSCI All Country World Index in Australian dollars, which represented an outperformance of 1.13 per cent, the company said.
The research house praised the fund for its investment philosophy which comprised two fundamental beliefs such as:
- Attractively valued companies that generate strong and sustainable returns on invested capital should be profitable investments; and
- Consistent results should be achieved through minimising unintended factor exposures, which would allow stocks selection to be the key driver of returns.
“Zenith notes that the team has employed a consistent investment process over the life of the strategy, producing an impressive long-term record,” the research house said.
AUTHOR
Oksana Patron
Recommended for you
Bell Financial Group has appointed a chief investment officer who joins the firm from Clime Investment Management.
Private markets funds with “unattractive practices” could find themselves facing enforcement activity with ASIC chair Joe Longo stating he cannot rule it out in the future.
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
