Zenith Investment Partners review – IOOF MultiSeries suite of funds have been UPGRADED to Highly Recommended. IOOF MultiMix, MLC Horizon 3-7, MLC Index Plus and MLC Inflation Plus retain 'Recommended' ratings
Zenith Investment Partners recently reviewed the IOOF MultiSeries suite of funds, upgrading the suite to ‘Highly Recommended’. Zenith’s review recognised the seamless integration of the IOOF and MLC investment teams and the strengthened resourcing across multiple areas of the combined team including its Capital Markets Research , Alternatives and Private Equity capabilities. Zenith stated “the team has evolved to one of the strongest in the peer group, particularly given its expertise across a range of non-traditional sectors”.
Past performance has been strong with Zenith noting that the IOOF MultiSeries suite has delivered competitive returns relative to its peer group, “consistently ranking in the upper quartiles”.
Zenith also considered the portfolio construction process to be strong, highlighting our investment team’s manager selection skills and intuitive approach to harvesting lowly correlated risk premias. The ability to maximise the level of 'activeness' and access bespoke strategies in a fee-constrained structure was stated to be “a strong point of differentiation”.
On top of this fantastic news for the IOOF MultiSeries suite, Zenith also retained the ‘Recommended’ rating for IOOF MultiMix, MLC Horizon 3-7, MLC Index Plus and MLC Inflation Plus suite of funds.
Speaking to the review outcomes, the team’s Chief Investment Officer, Dan Farmer, stated “This is a pleasing result and reflects Zenith’s confidence in the strength of our combined investment team and the high quality of our investment strategy and process.”
These funds form part of the enhanced investment offer that has been developed after deep consideration of the best ideas in the combined investment team. This offer is evolving to allow for greater investment focus and consistency across our range of contemporary, high conviction, best-in-class, investment strategies. You can read more about this enhanced offer here.
The above information has been prepared for the general information of licensed financial advisers only and it is not intended to constitute a recommendation or advice. It has been prepared without considering any investor's objectives financial situation or needs. Investors should consider its appropriateness having regard to these factors before acting on the information.
This information is issued by IOOF Investment Services Ltd ABN 80 007 350 405 AFSL 230703 (IOOF) and MLC Investments Limited ABN 30 002 641 661 AFSL 230705 (MLC) each in their capacity as responsible entity and trustee of the managed investment schemes issued by them referred in the information, including but not limited to the IOOF MultiMix and MultiSeries suite of funds and MLC Wholesale Horizon, MLC Index Plus and MLC Inflation Plus funds (collectively Funds). MLC and IOOF are part of the Insignia Financial Group of companies comprising Insignia Financial Ltd ABN 49 100 103 722 and its related bodies corporate (Insignia Financial Group). The capital value, payment of income and performance of any financial product referred to in this information is subject to investment risk, including possible delays in repayment of capital and loss of income and principal invested. Opinions constitute our judgement at the time of issue and are subject to change. Neither IOOF, MLCI nor any member of the Insignia Financial Group, nor their employees or directors give any warranty of accuracy or reliability, nor accept any responsibility for errors or omissions in this information.
Investors should consider the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) before deciding to acquire or hold an interest in a Fund mentioned in this information, available by calling 1800 002 217 or visiting www.ioof.com.au (regarding IOOF products) or calling 1300 738 355 or visiting www.mlcam.com.au/MLCWholesale (regarding MLC products). Any reference in this information to a security, asset or asset class, or strategy (Investment) is for illustrative purposes only and should not be taken as a recommendation to buy, sell or hold such Investment. Investments mentioned in this information may no longer be in any Fund after the time of preparation. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and actual returns may vary from any target returns described in this information. Any projection or other forward looking statement in this information is provided for information purposes only. The actual results achieved may differ materially from these projections.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) ratings (assigned 28 September 2023- see APIR codes below) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.
APIR codes for funds in this communication are listed below. Ratings assigned 28 September 2023.
IOOF MultiSeries 30 - IOF0253AU
IOOF MultiSeries 50 - IOF0254AU
IOOF MultiSeries 70 - IOF0090AU
IOOF MultiSeries 90 - IOF0255AU
IOOF MultiMix Conservative - IOF0095AU
IOOF MultiMix Moderate - UFM0051AU
IOOF MultiMix Balanced Growth - IOF0093AU
IOOF MultiMix Growth - IOF0097AU
MLC Wholesale Horizon 3 - MLC0398AU
MLC Wholesale Horizon 4 - MLC0260AU
MLC Wholesale Horizon 5 - MLC0265AU
MLC Wholesale Horizon 6 - MLC0397AU
MLC Wholesale Horizon 7 - MLC0449AU
MLC Wholesale Index Plus. Conservative - MLC7849AU
MLC Wholesale Index Plus. Balanced - MLC7387AU
MLC Wholesale Index Plus. Growth - MLC9748AU
MLC Wholesale Inflation Plus - Conservative Portfolio - MLC0921AU
MLC Wholesale Inflation Plus - Moderate Portfolio - MLC0920AU
MLC Wholesale Inflation Plus - Assertive Portfolio - MLC0667AU