La Trobe Financial gets ‘strong’ rating
La Trobe Financial has warmly welcomed the “strong” rating Australian Ratings has awarded its wealth management operations.
The rating covers “a number of operational components, performance financial adequacy of the La Trobe Financial Group’s wealth management division”.
In particular, the La Trobe Australian Mortgage Fund was singled out in a statement from the fund manager, which said the fund has “never frozen or restricted redemptions or reduced distributions due to liquidity concerns”.
“We are very pleased to receive the recognition from Australia Ratings,” said La Trobe senior vice president Randal Williams.
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