Australian Funds Manager Millinium, Receives 5 Star Rating for Fixed Income Mandate

Millinium Capital Managers’ Fixed Income Mandate has received a 5-Star rating from Morningstar. This is on the back of two other portfolio’s, Millinium’s Australian Equities Mandate and MSF Multi-Strategy Income Option – which also received and remains to be 5-Star rated.

Millinium Capital has confirmed its reputation as the rising star of Australian funds management after its fixed income portfolio received Morningstar’s top star rating.

Millinium’s Fixed Income Mandate received a 5-star rating effective 31st October 2014, the highest possible, for its Fixed Income Mandate. Three of Millinium’s four portfolios have now received a 5-star rating in either their wholesale or retail versions.

The Australian Equities Mandate (for wholesale investors), and the MSF Multi-Strategy Income Option (for retail investors) received five-star ratings which remain effective as of 31st October 2014.

Morningstar’s October 2014 institutional sector survey for the Australia SA Bonds category which consists of 20 funds, shows Millinium’s Fixed Income Mandate (for wholesale investors) as the 1st ranked performer over one, two and three years.  Furthermore, it was a clear leader over three years, outperforming the next-ranked fund by an annualised 5.5 percentage points over those three years.

Millinium chief investment officer, Mark Phillips said the Fixed Income Mandate focused on providing absolute returns and was not managed against a benchmark, reflecting Millinium’s strong conviction in its investment ideas and determination to provide consistent returns to investors.

“We believe that a manager that is focused on making positive returns and has the freedom and dexterity to seek quality assets wherever they are available can outperform,” Mr Phillips said. “I think our performance to date bears that out.”

The fixed income portfolio is positioned in a relatively small number of quality bonds, given Millinium’s belief that the US Federal Reserve’s ultra-low interest rate policy is leading to an increasing under-pricing of risk and raising the threat of widespread credit defaults.

About Millinium Capital Managers

Millinium is a boutique fund manager whose dedicated, highly qualified teams operate across a number of Core and Specialist asset classes. The core investment teams manage Money Market, Fixed Interest, Australian equities and US equities portfolios. The specialist teams operate in Health Care, Commercial Real Estate and Private Equity markets.

The company is focused on providing its clients with superior quality, price and service through its innovative financial products and investment management skills.

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Contact Info:
Name: Mark Phillips
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Organization: Millinium Capital Managers Limited
Address: Level 22, 300 Queen Street, BRISBANE, QLD. 4000
Phone: 07 3015 1600

Release ID: 69550