Manager Research
all members of our manager research team have over ten years of investment experience.
We have recently concluded a full review of the Kagiso Asset Management suite of funds. We retained our existing ratings on all their funds with the exception of the Kagiso Islamic Equity Fund, which has been upgraded from a Tier 2 to a Tier 1.
Since our initial rating on the funds in 2014, the business has added to their investment team and built up their offshore research coverage, after which we subsequently upgraded the Kagiso Equity Alpha fund to Tier 1. While the Kagiso Islamic Equity fund is managed to the same process as the Kagiso Equity Alpha fund, we had additional concerns around portfolio construction biases within the Shari’ah compliance requirements of the fund. While this remains a caveat, our confidence levels in the team’s understanding of the structural risks and biases in the fund has improved which has allowed us to upgrade the fund to a Tier 1 rating, in line with the Kagiso Equity Alpha fund.
Kagiso Islamic Equity Fund upgraded to Tier 1
26 Sep 2018