Rating Release
Agusto & Co. hereby affirms the A(IM) rating assigned to Vetiva Fund Managers Limited
The rating expires on 10 September 2026.
Agusto & Co. hereby affirms the ‘A(IM)’ rating assigned to Vetiva Fund Managers Limited (“VFML” or “the Manager”). The rating is upheld by the Manager’s conservative credit practices, well-documented investment and risk management guidelines and good operational track. The rating also reflects VFML’s improved governance structure, with the invitation of an independent non-executive director to the Board and support from a diversified financial services group. However, the rating is impaired by the self-review threat in the combined internal audit and control team and the key man risk precipitated by the Manager’s reliance on the Group Managing Director. We have also taken into consideration the concentration on institutional clients in the Manager’s portfolio and its potential to distort VFML’s assets under management (AuM).
