Lonsec has rated two Smarter Money Investments products as ‘recommended’, citing a “high regard” for the portfolio managers.
In a recent statement, Smart Money said Lonsec has upgraded its Smarter Money Active Cash (SMAC) strategy from ‘investment grade’ to ‘recommended’.
Lonsec said it “has a high regard for the fund’s senior portfolio managers Darren Harvey and Christopher Joye and places the quality of the expanded investment team towards the upper end of the spectrum.”
“The managers’ thorough understanding of the Australian market dynamics, deep research capabilities, the active allocation between credit and cash equivalents, and strong performance-driven culture are attractive features of this offering.”
Lonsec also gave an inaugural ‘recommended’ rating to the Smarter Money Higher Income (SMHI) fund.
It said a ‘recommended’ rating “indicates that Lonsec has strong conviction the financial product can generate risk-adjusted returns in line with relevant objectives.”
“The financial product is considered an appropriate entry point to this asset class or strategy.”
Spend a few hours on the Lloyd’s of London trading floor and you’ll see what impact the royal commission and consequent class actions i...
Overnight the ruling government in the UK confirmed Boris Johnson as the new leader of the Conservative Party and will now take over the rol...
Queensland-based Heritage Bank has defied an industry trend to close physical shopfronts, instead expanding interstate for the first time wi...