At this stage, the firm earns a Below Average Parent rating. VegTech currently oversees one vehicle, with a total of$ 5.7 million under management and a roster of four fund managers.
High costs on open-end and exchange-traded funds at VegTech represent a stiff headwind to performance. The average net expense ratio of its funds falls within the second-costliest quintile compared with others.
To upgrade the firm's rating, VegTech will be expected to build a consistent track record of positive investor experience.