Melbourne, Tuesday 2 June, 2020 – Australia Ratings has assigned a ‘COMPETENT’ investment rating to K2
Select International Fund (the Fund).
A COMPETENT investment rating indicates Indicates that the Fund may deliver a return in line with the Fund’s relevant benchmark; based on an investment rating scale used by Australia Ratings to indicate how well we believe a fund will perform against a range of risks.
The K2 Select International Fund - managed by K2 Asset Management – invests in global listed equities where growth opportunities are deemed to exist, and to rapidly reduce equity market exposure when it is believed appropriate to preserve capital. The Fund aims to deliver consistent, absolute returns across the investment cycle with a focus on capital protection during periods of market declines.
Australia Ratings has also assigned its Product Complexity Indicator of ‘YELLOW’ indicating the fund as a Complex financial product. These types of funds are typically used to diversify portfolio risk or to provide superior returns to the underlying market.
A full rating report is available from https://www.australiaratings.com/ under 'Investment Ratings'.
FOR MORE INFORMATION CONTACT:
Maggie Callinan, Director maggie.callinan@australiaratings.com 03 8080 6684
ABOUT AUSTRALIA RATINGS
Australia Ratings is a local, independent rating agency that provides research and ratings on debt securities, investment products, and Operational Capability Assessments. As an ASIC-licensed rating agency, we provide general advice to the broader investment community through our detailed reports. We are Australia’s only agency that holds a retail Australian Financial Services Licence (AFSL). This enables both retail and wholesale investors to use our credit ratings to help them gauge credit risk and complexity of financial products sold in the Australian market.
About Australia Ratings’ Investment Rating
Our investment rating reflects Australia Ratings’ current opinion of a fund’s or an investment’s ability to achieve its stated investment objectives in the near term.The rating expresses a view on the expected consistency of the fund’s or investment’s performance within its peer or style group and on the fund manager’s ability to produce superior performance amongst its peers in the near term with due regard to the medium-term consensus view of the asset class to which the product is benchmarked.
A five-point scale is used to differentiate our opinion on how well we believe a fund will perform against a range of risks. Click here to find out more.
