Research group Lonsec has upgraded the ratings for both the Smarter Money Active Cash strategy and the Smarter Money Higher Income fund to ‘recommended’.
In two research reports compiled by Lonsec, the ratings for two of Smarter Money Investments products, the Smarter Money Active Cash (SMAC) strategy and the Smarter Money Higher Income (SMHI) fund, were raised from ‘investment grade’ to ‘recommended’.
In explaining its decision for the upgrade, Lonsec said it had “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 manager’s 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 said.
The research house added that a recommended rating indicates that it has a strong conviction the financial product can generate risk-adjusted returns in line with relevant objectives, and that the financial product “is considered an appropriate entry point to this asset class or strategy”.
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 21 Aug 2016Risks flagged with real estate appraisal valuesBy Miranda Brownlee
- 21 Aug 2016Lawyer challenges ATO view on two fund strategiesBy Miranda Brownlee
- 18 Aug 2017ATO locks in details, addresses panic on real-time reportingBy Katarina Taurian
- 18 Aug 2017Data feeds unreliable for new reporting, says mid-tierBy Miranda Brownlee
- 18 Aug 2017Tax component confusion spurs potential tax liabilitiesBy Miranda Brownlee
- 18 Aug 2017Contributions triple in June quarter, survey showsBy Staff Reporter
- view all
- ATO locks in details, addresses panic on real-time reporting
The tax office has addressed several points of confusion with the new events-based reporting regime, locked in key deadlines, and outlined w...read more
- Data feeds unreliable for new reporting, says mid-tier
With an estimated 20 per cent of SMSFs still encountering errors from data feeds, one mid-tier firm believes the ATO should allow SMSF pract...read more
- view all