Zenith rates Warakirri Global Emerging Markets Fund "Recommended"

28 September 2020

Zenith Investment Partners has initiated coverage of the Warakirri Global Emerging Markets Fund and given it a “Recommended” rating, citing a “well-managed (fund) by an experienced investment team adopting a differentiated investment approach” as one of the reasons for the rating.

The Fund, managed by Northcape Capital (Northcape) and distributed by Warakirri Asset Management (Warakirri), provides investors with a concentrated, benchmark unaware, quality biased emerging market equities exposure.

The Fund invests in around 25 to 35 high-quality companies with attractive and sustainable growth profiles and with a strong focus placed on environmental, social and governance considerations.

“Historically, Northcape’s investment approach has resulted in solid participation in rising markets whilst offering strong downside protection. Zenith considers the Fund’s performance profile to be a key attraction,” the ratings agency said.

“The investment team’s style-neutral approach means that the Fund should be well suited to delivering outperformance for our clients throughout the market cycle and it was pleasing to see that their collective experience has also been recognised as a key strength relative to peers,” Warakirri’s managing director, Jim McKay, said.