Daintree Capital Core Income Fund upgraded
Zenith Investment Partners has upgraded the Daintree Capital Core Income Fund to a “Recommended” rating.
Daintree Capital is part of the Perennial Group and the fund invests in global fixed income via an absolute return investment approach, which aims to outperform the RBA cash rate by a net 1.5 per cent to 2 per cent per annum.
Zenith cited improvements in Daintree's security selection process, which now combines a range of propriety quantitative models and technology, as reasons for the upgrade.
“Daintree’s fair value approach provides a solid foundation upon which an issuer’s credit policy and spread margins can be assessed," Zenith said.
“Quality investment analysis, risk management, and diversification are crucial in fixed income, which is why we believe in an active approach aligned to investors goals and risk appetite," Justin Tyler, Daintree co-founder and director, said.