Rating Release
Agusto & Co. hereby assigns an A(IM) rating to CardinalStone Assset Management Limited
The rating expires on 28 April 2025.
Agusto & Co. hereby assigns an A(IM) rating to CardinalStone Asset Management Limited (‘CAML’ or ‘the Manager’). The rating reflects the Manager’s good research capabilities, well composed decision-making committees and good risk management capabilities. The rating also reflects CAML’s membership of an established financial services group with an operational track of over 16 years. We have also taken- into consideration the impact of the weakening macroeconomic environment and volatilities in the domestic equities market on the Manager’s ability to attract retail clients and drive asset growth in an elevated-risk environment.
