Specialist research house Adviser Edge has issued its individual ratings of 12 funds participating in its global property securities funds review.
Three of the participating funds - RREEF Global (ex-Australia) Property Securities Fund, RREEF Global Property Securities Fund and Perennial Global Property Securities Trust - were downgraded from four to 3.75 stars.
The ratings of AMP Capital Global Property Securities Fund, Macquarie Global Property Securities Fund and Zurich Investments Global Property Securities Fund were all upgraded, while the ratings of four other funds remained unchanged.
Eight of the global funds received a rating of four stars or higher, which Adviser Edge head of property research Louis Christopher said was an excellent achievement and reflected the quality of the fund managers under review.
"The overall ratings demonstrate the depth and quality of the portfolio managers, the quality of stock modelling and research, and the general high standards of the sector," he said.
"The median rating was four stars, an increase from the previous 3.75 stars.
"For the first time, Adviser Edge has conducted research on an index fund, the Vanguard International Property Securities Index Fund. This fund rated well, scoring four stars."
