EQT funds gets positive Lonsec rating
Ratings house Lonsec has awarded Equity Trustees Limited's Australian equities fund, the EQT Wholesale Flagship Fund, a "recommended" rating.
The inaugural rating of the fund by Lonsec was released last week and saw the ratings house reference the stability and experience of the EQT team, led by Shaun Manuell, its risk management process, and the fund's long-term performance as reasons for the high rating.
In doing so, Lonsec described Manuell as "a well considered leader and capable investment professional", and with reference to his team said "the team is of good quality and well experienced".
EQT recently introduced a change to the fee structure for the fund, offering the option of an alternative fee structure with a flat MER and a performance fee of 20 per cent for outperformance of the S&P/ASX200 Accumulation Index.
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