05 May 2011
BEST RESULT FOR AUSTRALIA'S BEST FUND
It's official. La Trobe Financial's Australian Mortgage Fund is the highest rated mortgage fund in Australia. Respected ratings house, Standard & Poor's ('S&P') has announced that the Fund's Pooled Mortgages Investment Option is Australia's only four star rated mortgage fund.
This announcement comes on top of other recent accolades for the Fund. In March it was declared "The Most Innovative Fund" at the Melbourne Financial Services Symposium. This in turn followed the announcement in December that Money magazine had judged it to be the Best Mortgage Fund in Australia for the second consecutive year.
In commenting on the rating from Hong Kong, Greg O'Neill, Chief Executive Officer of La Trobe Financial thanked S&P for
its continuing commitment to rating the mortgage fund sector and the La Trobe
Mr O'Neill stated:
"Peter Ward and his team at S&P clearly understand the importance of this sector to retail and platform investors and the rewards for investors with the correct fund manager. A four star rating means S&P has a strong conviction that La Trobe Financial will outperform its benchmark and peers for returns."
S&P stated in its report:
"...This reflects our high conviction that the manager will consistently generate risk-adjusted returns in excess of relevant investment objectives and relative to peers
... Performance has been consistently strong over all periods, delivering a meaningful premium over the high-yield benchmark, without taking on unrewarded risks ... we are comfortable La Trobe can manage any further increases in FUM without detracting from performance."
"...this rating confirms S&P's increased satisfaction with La Trobe Financial's operations and fund returns as a leading specialist funds manager in Australia. The Fund targets capital protection and reliable monthly income for investors at a strong premium to cash. Since inception, La Trobe Financial has achieved those objectives and we are very pleased to receive the four star rating."
In awarding the four star rating, S&P highlighted a number of key factors that have contributed to the Fund's success:
- Its performance has been consistently strong over the full interest rate cycle and has outperformed the peer group and benchmark over all applicable time periods (1, 3 and 5 years);
- It has continued to grow strongly and deliver premium returns to investors;
- It is managed by an experienced and stable executive and senior management team with specialised experience in the asset class; and
- Its unique investment structure allowed it not only to avoid the liquidity stresses that affected other managers in the sector, but also to minimise the excess cash holdings that act as a drag on performance.
La Trobe Financial is a specialist mortgage fund manager and lender that has managed over $10 billion in investor funds and lent to over 100,000 borrowers since it was established in 1952. "It's a very exciting way to celebrate the company's 60th year!" stated O'Neill.
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Head of Funds Management
t +61 3 8610 2811
Chris Andrews is the Head of Funds Management for the La Trobe Group and has responsibility for the La Trobe Australian Mortgage Fund.
Read full profile here.
La Trobe is one of Australia's leading independent specialist mortgage Financiers. Its business includes residential mortgages, commercial mortgages, and investment services operating one of Australia's largest Mortgage Funds under AFSL 222213. It employs over 115 staff and has raised over AUD$10Billion to assist over 100,000 customers since inception in 1952.
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