Lonsec Research has upgraded Platypus Asset Management’s Australian Equity Fund to “recommended”.
The fund invests in a concentrated Australian equity portfolio to deliver strong returns over the medium to long term by identifying high-quality Australian companies with strong growth prospects.
Lonsec praised the firm for the its “persistent style, concentrated approach, and small to mid-cap bias”.
It also highlighted the cohesion of the management team and the competitiveness of the fund’s reduced management fees.
Platypus asset Management’s chief executive, Gary Adamson, said: “We’re pleased to see the fund recognised for its continued growth and strong performance.”
“It’s a testament to the team’s experience and dedication to generate superior returns for investors.”
Currently, Platypus has $2.2 billion in funds under management (and advice).