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Unlisted property funds get AA rating

Tuesday, September 18th 2018, 9:51AM 1 Comment

Tauranga-based Property Managers Group has received “AA" recommended ratings for two of its investment funds by independent investment research house FundSource. PMG is one of the first unlisted funds and property managers in the country to achieve this.

The 'AA' rankings were given to its two retail funds. PMG Direct Office Fund and Pacific Property Fund.

'We're really pleased to have two of our funds receive theses accolades', says Scott McKenzie, PMG CEO.

These rankings place both portfolios in the top 20% of the 56 funds currently rated by FundSource. The FundSource report said it ‘is impressed by the PMG investment philosophy, and that the PMG Direct Office Fund ‘is a unique offering in the New Zealand market'. Of particular note are FundSource's references to PMG’s 25-year history, ‘surviving natural and financial market issues since inception’ and ‘more recent diversification of capital sources, should see PMG remain a sustainable business'. Read more here and to see the full report, please click on the button.

Tags: FundSource

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Comments from our readers

On 25 September 2018 at 5:55 pm Graeme33 said:
Bizarre really an unlisted fund gets an AA ratiny when it cant be mark to market in a timely manner.Graeme

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