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.”
As one of the few politically conservative journalists in a newsroom chock full of left-leaning voters, it’s comforting to know that most ...
EXCLUSIVE Aussie Home Loans boss James Symond has described the mortgage industry’s mammoth lobbying efforts as a “case book study” in...
Brisbane group Blue Sky Alternative Investments has gone into receivership following the breach of its $47.7 million loan facility from US-...