Milford Australian Absolute Growth Fund upgraded
Ratings agency Lonsec has upgraded the Milford Australian Absolute Growth Fund to 'recommended', noting the manager's demonstrated skill in portfolio positioning, particularly amid challenging market conditions, as reasons for the upgrade.
Milford chief investment officer, Wayne Gentle, said the rating was recognition of the team's hard work and commitment to generating strong client returns.
"In these volatile times, investors can take comfort in our strong interaction with companies and thorough top-down analysis when making investment decisions, underpinned by our investment team having an equity stake in the business and personally investing in Milford’s funds alongside clients," Gentle said.
The fund received also received a 'recommended' rating from Zenith Investment Partners in May.