Rating Release

Agusto & Co. affirms the ‘A+(IM)’ rating assigned to ValuAlliance Asset Management Limited.

The rating expires on 28 June 2027

Agusto & Co. affirms the ‘A+(IM)’ rating assigned to ValuAlliance Asset Management Limited (‘VAML’ or ‘the Manager’). The rating reflects improvements in technology adoption, good quality research output, a well-defined investment process and VAML’s experienced decision-making committees. We also view the Manager’s membership of an established financial services group and use of reputable third parties for risk management and internal audit positively. The rating is, however, constrained by the underperformance of the three collective investment schemes against the respective benchmarks and inadequate segregation of duties in the leadership of the investment management team, with the Managing Director doubling as the Chief Investment Officer.