In February, the Affluence Investment Fund received a 5 Crown FE rating*, the highest result possible. The Fund only recently became eligible, having celebrated its 3-year anniversary in late 2017. FE is a global fund rating and research agency.
FE Crown Fund Ratings are a quantitative measure covering hundreds of thousands of investments that FE collect data on worldwide. This includes thousands of managed funds available in Australia.
Here is how FE explain their crown rating system works:
“FE Crown Fund Ratings enable investors to distinguish between funds that are strongly outperforming their benchmark and those that are not.
The top 10% of funds are awarded five FE Crowns, the next 15% four Crowns and each of the next remaining three quartiles are given three, two and one Crown(s) respectively.
Rebalanced twice a year in February and August, the rating takes into account three key measurements to derive a fund’s performance: alpha, volatility and consistently strong performance.
FE Crown Fund Ratings are frequently used by professional advisers to screen for the best performing funds in a sector and at a factsheet level are used as part of an adviser’s paper trail to show thorough and rigorous research has been undertaken.”
This means the FE Crown rating takes into account not just returns, but also consistency.
Affluence Investment Fund Ranking
The Affluence Investment Fund also ranked exceptionally well compared to the other funds in its category at 31 March 2018:
We take a long-term view with the funds that we include in the Affluence Investment Fund portfolio. Potential investors considering investing with us in the Affluence Investment Fund should focus on the longer-term results as well.
You can access the most up to date information on the Affluence Investment Fund directly from FE’s Money Management Investment Centre by going here.
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* Copyright 2018 FE. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE, (2) may not be copied or redistributed, (3) do not constitute investment advice offered by FE, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (5) are not warranted to be correct, complete, or accurate.
FE shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE does not guarantee that a fund will perform in line with its FE Crown Fund Rating as it is a reflection of past performance only. Likewise, the FE Crown Fund Rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.
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