Zenith Investment Partners has upgraded ratings for four ClearBridge managed funds, from Recommended to Highly Recommended, citing a strong and well-resourced investment team.
The ClearBridge RARE Infrastructure Value Fund - Hedged; the ClearBridge RARE Infrastructure Value Fund - Unhedged; the ClearBridge RARE Infrastructure Income Fund - Hedged: and ClearBridge RARE Infrastructure Income Fund - Unhedged are all now rated Highly Recommended by the research agency.
It its assessment Zenith said the asset management team was one of the "largest and most well-resourced infrastructure investment teams...[and] recent succession planning efforts coupled with the collective experience of the team's senior membership, positions ClearBridge as one of the strongest [global listed infrastructure] teams in the peer group."
ClearBridge's philosophy focuses on infrastructure securities that possess high-quality assets, operate in a monopolistic environment and provide stable and predictable returns.
"Research-driven stock selection generates portfolios that are distinct from the market. We believe our high-conviction approach gives investors the best opportunities to earn superior results," ClearBridge Investments' head of Australian intermediary distribution, Steve Williams, said.