Select enhances Alternatives Portfolio liquidity
Select Asset Management has moved from monthly to weekly pricing and liquidity for investors in its Select Alternatives Portfolio.
The move is aimed at offering a “more convenient solution for investors, allowing them to redeem and invest on a weekly basis”, according to portfolio manager Robert Graham-Smith.
“It will provide investors with disciplined exposure to quality listed alternatives at attractive prices, all within a unit fund structure that provides weekly pricing and liquidity.”
He added that the move puts the fund “ahead of many other alternative investments, such as hedge funds, which can be considerably less liquid”.
“By combining alternative investments (in the Select Alternatives Portfolio) with a mainstream portfolio, overall diversification can be improved and reliance on equity market performance can be reduced.
“Importantly, the overall effect of this can be to reduce the risk of major capital drawdowns and thereby provide a smoother pattern of overall returns over time from the combined portfolio.”
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