CAAM Australia sought the ratings to broaden the availability of the funds on investment platforms, CAAM Australia chief executive Richard Borysiewicz said.
“We are very pleased that the funds have received recommended ratings. We are particularly pleased that the strong performance of the CAAM Global Bond Fund has been recognised and that this fund can now be available to more investors,” Borysiewicz said.
The fund returned 16.4 per cent net of fees for the 2008 calendar year.
Lonsec, which assigned a recommended rating to the global bond fund, said: “Lonsec is particularly impressed with CAAM’s highly process-driven investment approach and the extent to which risk management is integrated within the decision-making process . Lonsec believes CAAM offers investors a significantly differentiated product in the global fixed interest sector.”
Zenith, which gave a recommended rating to the CAAM Global Emerging Markets Fund said it had a strong regard for the investment capabilities of the team and believed the fund was well positioned to meet its objective of outperforming the benchmark by 2 per cent to 3 per cent a year.
