Morningstar has upgraded Dublin-based Veritas Global Equity Income and Veritas Global Focus funds from Superior to Elite.
Commenting on the upgrade, Ruli Viljoen, Head of Investment Research at OBSR, a Morningstar company said: "The managers at Veritas Global Equity Income and Veritas Global Focus use a thematic framework to identify industries that they believe will benefit from long-term structural drivers, overlaid with the search for companies with durable competitive advantages and strong, sustainable cash-flows.
In both funds, preservation and growth of capital are considered to be of more importance than benchmark risk and the portfolio is managed with little regard to an index. The experience of the managers and the consistency with which they have delivered on their stated strategy leads us to upgrade our rating on both funds from Superior to Elite."
The Veritas Global Equiity Income fund aims to provide a high and growing level of income and to preserve capital in real terms over the long term. The fund has outperformed its benchmark index, the MSCI World £ Index each year since 2007.
The Veritas Global Focus fund strategy is a global long term long only strategy focused on protecting and growing the real value of clients’ capital over our investment horizon of 3-5 years.
Both funds are Dublin-based and managed by Charles Richardson and Andy Headley. For the Retail Share Class, the minimum initial and subsequent investment is £7,000.
Veritas is an independent investment company whose key investment objective is to deliver long term real returns for its clients. Stewart Newton is Chairman of The Real Return Group, Charles Richardson is Chairman of Veritas UK and Anthony Rosenfelder is Chairman and Managing Director of Veritas AG. They are all co-founders of the firm. The company is 100% owned by the employees and run with a partnership culture.
Veritas Asset Management AG was founded in Zurich in 1993.
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets