subscribe to our newsletter
Lonsec upgrades ratings for two fixed interest funds

Lonsec upgrades ratings for two fixed interest funds

Reporter
20 April 2017

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”.

Lonsec upgrades ratings for two fixed interest funds
smsfadviser logo
join the discussion

What do you plan to do in response to the new adviser education standards?

SUBSCRIBE TO THE
SMSF ADVISER BULLETIN

Get the latest news and opinions delivered to your inbox each morning

In this month's issue:

  • Time wrap
  • The tech bull run
  • From hobby to passion
  • Golden Years
  • An untimely reminder
  • Why change is so difficult
  • Key Strategies for equalising super