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Alphinity global fund receives Zenith, Morningstar ratings

3 minute read

The Alphinity Global Equity Fund has secured a Recommended rating by Zenith, as well as a four-star Overall Morningstar Rating as it enters its fourth year.

The strategy sits under the umbrella of Australian boutique fund manager, Alphinity Investment Management.

Jonas Palmqvist, one of the four portfolio managers looking after the global fund, said his team are looking forward to bringing the fund to retail investors this year, now that it has a strong track record.

Alphinity says its global strategy has $1 billion of funds under management, of which around $37 million are from early investors in the retail fund.

The firm says the fund has outperformed MSCI World Net Return (AUD) across all reported time periods to 31 December 2018, returning 8.2 per cent per annum since inception, 11.5 per cent per annum over two years and 2.4 per cent over the past year, including the recent market correction.

“The key to our success and the recent Zenith rating has been what we call ‘conviction with consistency,’” Jeff Thomson, another fund manager on the team said.

“The Fund typically holds only 30 to 45 stocks but with broad diversity across market sectors and regions. We focus on rigorously testing and refining our best ideas to the point where we have a high degree of comfort that the ones we invest in will achieve strong returns.”

Mr Thomson added as the world backdrop changes, the fund management aims to adapt the portfolio, ensuring its strategy outperforms across all time periods since inception.

In its rating report, Zenith described the fund as ‘well-managed’ by a ‘highly-experienced’ team of investment professionals and said the team’s investment process was ‘intuitive and robust’.

Mr Palmqvist said the team was appreciative of the institutional support the fund had received in its first three years.

Alphinity Investment Management is supported by its minority shareholder, Fidante Partners, the boutique funds management business of Challenger.

Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].