AB fund gets Zenith rating
AllianceBernstein (AB) has announced its global equities fund has received a "recommended" rating from research house Zenith Partners.
In a statement, AB chief executive for Australia Jen Driscoll said she was delighted to receive the endorsement for the AllianceBernstein Global Equities Fund.
"The fund illustrates the depth and diversity that our global investment platform makes available to Australian investors with suitable risk tolerances," she said.
According to the statement, in its rating rationale, the research house noted that the fund is premised on two fundamental beliefs. The first is that "attractively valued" companies that generate strong and sustainable returns on invested capital will be profitable investments.
The other belief is that consistent results can be achieved through minimising unintended factor exposures, allowing stock selection to be the key driver of returns.
Zenith added that the fund "draws comfort from the [Global Equities investment] team's long-term working relationship as it ensures consistency of decision making, which we believe validates the strategy's impressive track record".
ASIC auditing general/personal advice divide
ASIC is deliberating on how to treat advice in its new role as the primary condu...
BetaShares launches India ETF to market
Fund manager BetaShares has launched a new ETF that will give investors access t...
Annuities added to HUB24 platform
Advisers will be able to access a new set of annuities through the HUB24 platfor...