Manager Research

In this note, we discuss our decision to upgrade two Allan Gray Australia funds. In addition, we discuss our thinking on the Fidelity European Growth fund which we have rated Tier 2. Allan Gray Australia - Fund Range Reviewed We have recently reviewed the Allan Gray Australia fund range and have d...

Coronation recently informed the market that they are soft closing their Rand denominated global unit trust funds (feeder funds) to new discretionary investments. This includes top ups, switches and new debit orders into these funds for discretionary accounts.   Why are they doing this? &nbs...

We recently completed our review of the Catalyst fund range and have retained our ratings across the funds.   On the business and shareholder side, we continue to believe that the business is investment led and that staff interests are largely aligned with investors. The product range is focu...

In this note, we discuss our decision to downgrade the Fairtree Equity Prescient fund to Tier 2. In addition, we also detail our thinking on the Allan Gray Bond fund’s recent portfolio manager change. Fairtree Equity Prescient Fund Downgraded to Tier 2 Following the announcement of Stephen B...

We have recently completed our reviews of the Orbis fund range and have retained our current ratings on the funds, which we show below. In addition, we highlight the core points that underpin our rating views.   Fund Rating Orbis Global Equity Fund Tier 2 Orbis Global Balanc...

We have recently completed the rating on the Amplify SCI Defensive Balanced Fund. This fund is managed by Matrix Fund Managers and is a stable, low equity multi asset class fund for cautious investors.   We have rated this fund Tier 3. The business is investment led and the team is relatively...

Recently, Rezco has provided clients with an update on a few important areas of the company’s business. We have been extensively monitoring both of these developments for some time and they were most recently covered during our Regulation 28 review of Rezco’s funds.   These update...

We recently concluded our review of Coronation’s global range of funds. While we have not made any changes to existing ratings, we provide an update on our rating views below.     Table 1: Coronation Global Fund Ratings   Coronation Team Responsible Fund Name Rating ...

We have recently completed our review of the Templeton Global Balanced fund. We have retained the Tier 3 rating on the fund. We have three primary concerns with the fund. Firstly, the fund has recently seen a change in managers in the equity sleeve, with both the lead and backup portfolio manag...

2022 was a challenging year for the asset management industry for several reasons. Globally, higher levels of inflation, a crisis in Ukraine and a tightening of the regulatory noose in China all contributed to one of the worst years on record for equities, bonds, and most other risk assets. In addit...