Strong SMA growth for Fat Prophets
Fat Prophets’ separately managed account (SMA) portfolio has outperformed or matched the S&P/ASX 200 Index in its inaugural year of operations, according to the fund manager and researcher.
The unaudited figures for its Concentrated Australian Share Model Portfolio outperformed the index by 14 per cent in the year to May 31, posting an 8.5 per cent gain, compared to a negative 5.5 per cent return posted by the index.
This SMA is designed for investors seeking a “diversified but focused” basket of up to 30 stocks with a medium to long-term investment horizon.
The Fat Prophets Mining and Resources Model Portfolio, which offers investors access to a broad array of large and small resource stocks, posted unaudited growth of 35.4 per cent to May 31, matching the surge in the index over the same period.
Chief executive Angus Geddes said the results are a vindication for the decision to launch the portfolio on the back of strong demand from our more than 18,000 Fat Prophet subscribers, many of who have their own DIY super funds.
The portfolio “offers them the opportunity to effectively and efficiently tap into both large and small stocks, many of which are overlooked by traditional fund managers”, he said.
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