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
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
