Platypus fund added to Netwealth platforms
Platypus Asset Management has announced that its Systematic Growth Fund has been added to Netwealth’s Super and Wealth accelerator plus platforms.
The firm said that the move would reflect its growing focus on the managed account market, with Netwealth capturing around 19 per cent of platform net flows.
The fund aimed to use a systematic approach based on Australian academic research, with stocks tilted towards high quality momentum which was expected to help enhance returns for investors over traditional indexes, the company said.
According to Platypus, the fund was well-suited to model portfolios as it complimented traditional cap-weighted index and actively managed strategies.
Its addition to Netwealth’s platforms followed its last year’s listing on HUB24’s investment menu.
The fund delivered a total return of 20.03 per cent for the year to 30 June 2018, outperforming the S&P/ASX 300 Accumulation index by 7.06 per cent.
Its five year return stood at 12.6 per cent per annum outperforming the index by 2.6 per cent pa as at 30 June, 2018.
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