Rating Release

Agusto & Co. hereby assigns an A(IM) rating to Vetiva Fund Managers Limited (“VFML” or “the Manager”).

The rating expires on 4 August 2025.

Agusto & Co. hereby assigns an ‘A(IM)’ rating to Vetiva Fund Managers Limited (“VFML” or “the Manager”). The rating reflects the Manager’s good research capabilities, well-experienced decision-making committees and clearly defined and documented investment and risk management processes. The rating also reflects VFML’s membership of an established financial services group with a track record of over 21 years. However, the rating is impaired by the lack of an independent member on the Board, a lean structure across key risk functions and the limited automation of pre-trade checks.