Allan Gray fund added to IOOF platforms
Allan Gray has announced that its Australia Stable Fund has been added to IOOF platforms due to adviser demand.
The fund, which received a highly recommended rating from Lonsec, aimed to outperform cash but wanted less volatility than investing in the share market.
The firm said that the fund was not a low-volatility equity fund, as the default position in cash and, according to some advisers, the fund might be an alternative to cash.
Allan Gray’s key account manager, Julian Morrison, said: “There are no other funds in the market like the Stable Fund, but we have found there is clearly huge demand.
“In this low interest rate environment it’s great for more conservative investors who are looking to beat cash without significantly increasing risk.
“We are pleased to be included on the IOOF platforms where a wide range of advisers can now access our unique contrarian investment style blended with cash in a single portfolio.”
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