Zenith upgrades Warakirri agriculture fund

By Penny Pryor

Zenith has upgraded the Warakirri Diversified Agriculture Fund to "Recommended", citing the potential for the fund to provide diversification within a portfolio, while also reducing volatility, in its most recent research review.

The fund owns a diversified portfolio of investment grade Australian agricultural assets which it leases to agricultural businesses.

Zenith also said that their conviction in the fund has improved as the asset book has further developed and the investment team has been built out.

"We believe there is a compelling case for investors to consider agricultural exposure as part of a well-diversified investment portfolio," Warakirri head of distribution, Stuart Devlin, said.

"Agriculture is supported by a strong, long-term secular demand outlook for Australian agricultural products, and astute investors are being rewarded with top tier investment performance over the long term, with low volatility and low to zero correlation to traditional asset classes."