Following its recent ‘International Shares – Global (Unhedged)’ sector review, research house Zenith Investment Partners (Zenith) has upgraded the Pan- Tribal Global Equity Fund to ‘Recommended’.
The release of Zenith’s International Shares – Global (Unhedged) sector review coincided with the Pan-Tribal Global Equity Fund’s second anniversary.
The research house has followed the Fund’s progress during this time and, as part of its funds review process, has twice visited the sub- investment manager, Davis Advisors, in New York.
After its extensive review of the Fund, Zenith upgraded it from ‘Approved’ to ‘Recommended’.
According to Zenith’s rating definitions, ‘Recommended’ products are deemed strong investments within their respective asset class, typically rating first quartile on most criteria. The rating also indicates that the analysts have high confidence that the Fund will meet its investment objectives.
The Pan-Tribal Global Equity Fund provides a style neutral, currency unhedged and benchmark unaware exposure to the international equities market. Zenith’s research report commented:
“Zenith holds a positive view on Davis Advisors’ overall investment process. Our conviction in the Fund is based on our assessment of the investment team and portfolio manager, which we believe to be of a high calibre.”
Although the Fund has just a two year track record, the report notes, “Zenith draws comfort from Davis Advisors’ longer-term track record for the strategy which dates back to January 2005. Since the strategy’s inception, it has exceeded its investment objectives.”
Colin Woods, CEO of Pan-Tribal Asset Management, says the rating is timely and will increase the appeal of the Fund to a broader cross section of the advice community.
“The Fund has been well received by dealer groups and advisers, and its funds under management are rapidly growing,” said Woods.
“The Davis investment philosophy is one that resonates with advisers and investors alike, in particular, Davis’s alignment with investors; Davis Advisors has more than US$2 billion of company and staff money co-invested across all products, so the business and investment teams experience the same risks and reap the same rewards as investors.”
The Fund has recently been added to MLC Wrap and Navigator, and is also available through a number of other key platforms: AMP North, Asgard, BT Wrap, Clearview, Colonial FirstWrap, HUB24, Macquarie Wrap and netwealth.
