Four Bennelong Australian Equity Partners (BAEP) funds upgraded to 'Highly Recommended'

Lonsec has upgraded the Bennelong Australian Equities Fund, the Bennelong Twenty20 Australian Equities Fund, the Bennelong ex-20 Australian Equities Fund and the Bennelong Concentrated Australian Equities Fund to 'Highly Recommended'.

Lonsec sited their high regard and increased conviction for the experience and calibre of portfolio manager and chief investment officer, Mark East, as reasons for the upgrade. The fund manager's robust and logical investment process, along with a supportive 'boutique-with-backing' ownership structure, were also recognised.

"Lonsec draws significant comfort from the research process, considering it to be comprehensive and able to identify quality stocks," the report said.