Zurich Financial Services Australia (Zurich) has announced that its Emerging Markets Equity Fund has received its first rating from Zenith: ‘Recommended’.
In its report, Zenith points to the Fund’s unique focus on companies with sustainable high dividend yield that have the potential to outperform low dividend yielding stocks with lower volatility over a full market cycle.
Zurich’s Emerging Markets Equity Fund is managed by US-based investment manager Wells Capital Management’s (WellsCap) SF Global Emerging Markets Equities team (a wholly-owned subsidiary of Wells Fargo Asset Management), with more than $340 billion USD* in assets under management.
According to Zurich’s National Investment Sales Manager, Linda Stangherlin, Zenith recognises the teams’ long tenure working together, which has produced a strong investment track record and competitive advantage.
“Zurich’s global strength and experience means we can partner with fund managers that are among the best in their field, creating a broad stable of highly specialised investments funds. WellsCap adds to the strong pedigree of managers in Zurich’s Investments line up,” said Ms. Stangherlin.
Zenith’s report anticipates Zurich’s Emerging Markets Equity Fund performance profile will exhibit defensive characteristics, given the companies held within the portfolio are generally more established and less cyclically driven. It also said the Fund will be tilted towards large and mid cap stocks which are typically higher yielding securities.
“We are delighted with the ‘Recommended’ rating from Zenith and look forward to working with our mutual clients,” Ms. Stangherlin said.
The fund is currently available through direct wholesale with Zurich as well as the following investment platforms – BT, IOOF and Netwealth.
