Montgomery gets ‘recommended’ rating
Research and ratings house, Lonsec has delivered a "recommended" rating to Sydney-based Montgomery Investment Management's flagship fund, The Montgomery Fund.
The "recommended" rating from Lonsec has been delivered just three years since the inception of the product.
Commenting on the upgraded rating, Montgomery head of distribution, Scott Phillips said the fund had been focused on delivering out-performance over the market with the ability to protect investor's capital on the downside — something which was gaining support among advisers.
The Montgomery Fund aims to achieve long term capital and income growth through investment in equities across both Australian and New Zealand businesses.
The fund is focused on protecting investor's capital through the use of proprietary quality measures, buying businesses at a discount to intrinsic value and having the flexibility to hold unconventionally large amounts of cash when opportunities aren't widely available.
Recommended for you
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
Several wealth management companies have been selected as finalists at the inaugural awards, which champions those who have transformed the Australian economy with their AI solutions.
Money Management’s sister brand Super Review is pleased to reveal that over 120 finalists will compete for trophies at this year’s awards.