The Nedgroup Investments Global Flexible Fund has been awarded a Gold rating by Morningstar Analyst Ratings. This prestigious, internationally recognised independent award is based on the analyst's forward-looking conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term.
Morningstar's manager-research analysts assign these ratings based on their evaluation of five pillars; people, process, performance, parent and price. A Gold rating is the highest possible rating and reflects Morningstar analysts’ high regard for the fund and their expectations that the fund will outperform over a full market cycle of at least five years. Funds are rated according to a five-tier scale with three positive ratings of Gold, Silver, and Bronze, a Neutral rating, and a Negative rating.
“We are very proud of this award for our Nedgroup Investments Global Flexible Fund. Achieving the highest Morningstar Analyst qualitative rating is testament to our Best of Breed approach, selecting and partnering with independent asset managers who we believe are best placed to achieve long-term outperformance for our clients. We are committed to maintaining both this Gold rating and the long-term performance of our International range of funds,” says Rob Johnson, Head of Investments at Nedgroup Investments.
The Nedgroup investment Global Flexible Fund, has been managed by Sub-Investment manager FPA since 2013. The fund is modeled on the Morningstar gold rated Contrarian Value Strategy which Steven Romick has been managing since 1993. The fund objective is to generate equity-like returns over the long-term with considerably lower risk than the market, focused on avoiding permanent impairment of capital. The team at FPA have consistently utilised an unconstrained multi-asset, absolute value approach to identify opportunities around the world since the inception of the strategy.