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Cazenove diversity rated superior by Morningstar

The Cazenove multi-manager diversity fund has received a superior rating from Morningstar for providing good management and broad market exposure at a reasonable price.

Superior is the second highest category in the Morningstar qualitative rankings. It is awarded to funds that Morningstar believes are above average and capable of producing returns above their peers.

Morningstar analyst Nitya Pandalai Nayar highlights the fund’s experienced and talented management team as a key attraction. She believes that co-managers Marcus Brookes and Robin McDonald, with almost 16 years and 10 years investment experience respectively, is a definite plus in understanding the fund industry.

The co-managers previously worked together at Gartmore and Rothschild, which Pandalai Nayar regards as useful for their investment process.

Morningstar likes the emphasis the co-managers place on understanding fund performance relative to a comparable historical time period. She feels that this helps the team understand the investment strategies of the underlying fund managers.

Morningstar believes it is too early to judge the fund’s performance since the Brookes and McDonald took over in 2008, but points out that the fund outperformed its Morningstar sterling cautious balanced category by more than 4 per cent as at October 31 during their tenure.

Pandalai Nayar says: “We think Cazenove diversity has several attractions. The management have worked together for a number of years; they’ve proved they can add value through asset allocation and importantly, the fund is cheaper than many of its peers.”


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There is one comment at the moment, we would love to hear your opinion too.

  1. Well deserved and about time someone gave this quality fund a rating. We have many clients exposed to it as it is well diversified, consistent performer and of course Marcus Brooks has pedigree. Interesting it performs better than the copycat fund SWIP MM Diversity which has an OBSR rating of A.

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