DNR Capital Australian Emerging Companies Fund upgraded

Zenith Investment partners has upgraded the DNR Capital Australian Emerging Companies Fund to a 'Recommended' rating, based on its 'favourable view' of the fund's investment process.

The DNR fund invests in a concentrated portfolio of 20 to 45 quality Australian small caps, which the fund manager seeks out at attractive valuations.

"We draw confidence from the strategy's strong positive asset growth, which ensures greater stability within DNR's smaller companies business unit," Zenith said in its assessment.

"Since DNR Capital's investment philosophy and process have been applied to the smaller companies segment of the market, impressive results have been achieved."