Zenith Investment Partners has given a ‘recommended’* rating to the Australian Unity Altius Bond Fund, citing a strong investment team and a comprehensive risk management strategy as positives of the fund.
In its report, Zenith said: “Zenith believes the portfolio construction process to be sound and views the integration of risk management throughout the process to be a positive feature.
“Zenith likes the benchmark agnostic process of the Fund and regards the experience of [Bill] Bovingdon and the investment team as a key strength.
“The team uses top-down analysis to generate thematic concepts, then employs bottom-up analysis to identify both tactical and strategic strategies ranging from; duration, credit spreads, yield curve changes and relative value.
“Zenith believes risk management is at the forefront of the process and the experience of the team supports their high conviction, active approach to investing.”
Mr Bill Bovingdon, chief investment officer of Altius, said the ‘recommended’ rating and endorsement of the investment team and process was particularly pleasing in light of the challenging environment for investors.
“Our investment process aims to exploit opportunities in interest rate and credit markets across multiple timeframes using a combination of ideas and strategies to effectively manage risk and generate return.
“The fund is designed to strike a balance between relative and absolute returns by adopting a dual return objective of outperforming both cash and bonds while minimising risk,” Mr Bovingdon said.
Altius Asset Management is a boutique fixed interest asset management business, formed through a joint venture with Australian Unity Investments.
Altius takes a diversified approach to fixed interest funds management, combining credit, yield, relative value and duration strategies, and seeks to optimise returns for investors in all market conditions.
For more information please contact:
Mr Bill Bovingdon – Phone: 02 9112 4701
5 March 2012
*Zenith Investment Partners Pty Ltd (Zenith) is the holder of AFSL No. 226872. The Zenith rating does not take into consideration personal circumstances, objectives or needs and should not be relied on in isolation – please refer to the full research report (available from the Issuer) for important assumptions, warnings and risks. The rating expires the earlier of February 2013 or any material changes to the Fund. For further information see www.zenithpartners.com.au