Bennelong attracts retail investors with ex-20 fund
While Bennelong Funds Management has typically been favoured by institutional investors, the boutique has flagged increasing interest from the retail sector for its Bennelong ex-20 Australian Equities fund.
Chief executive Jarrod Brown said that in the last six months in particular he had seen interest from underlying advisers and platforms track upwards, with the fund gaining access to bigger platforms like Asgard and BT Wrap.
With Australian equities being an increasingly competitive sector, Brown believes the success of the fund has been due to its points of difference.
“The S&P/ASX 20 Leaders Index makes up around 60 per cent of the market, and is over-researched and over-bought. By offering something that looks different, and performs well, it is easier for us to get through the door with more platforms and dealer groups,” he said.
Brown added that the fund would appeal to mum and dad investors who liked to hold direct shares with some of the top 20 companies, since there would be no duplication of exposure.
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