Clime’s funds post positive performance
Clime Asset Management’s three funds – International, Income and Smaller Companies – have posted solid returns with 8.7 per cent, 7.4 per cent and 16.3 per cent respectively for this period, according to Morningstar’s data.
The company decided to refine long-established credentials in funds management under the new leadership of chief executive, Rob Bristow.
“Managing money in the current investment environment is difficult. There are many challenges, characterised by slow growth, increased volatility and ultra-low interest rates, but we believe Clime has the right process in place to be able to deliver value to our investors,” he said.
The $30 million smaller companies fund outperformed both its benchmark, a blended ASX Small Ords + ASX Emerging Companies Accum Indices, and its peer group since inception, returning an average 19.3 per cent a year as of May, 2019, the company said.
The Australian Income Fund ($24 million), which is a multi-sector balanced fund and managed to deliver 6.78 per cent over the past three years, was exposed to domestic fixed income (45 per cent), domestic equity (18 per cent), listed and unlisted property (22 per cent) and cash (15 per cent).
The International Fund, which invested across a range of mostly large cap global stocks, saw a five-year return to stand at 9.21 per cent a year.
AUTHOR
Oksana Patron
Recommended for you
Bennelong Funds Management has signed a memorandum of understanding with US private credit manager Monroe Capital to distribute its products in Australia.
Global equity manager Talaria Capital has appointed a Sydney-based sales director as it grows its distribution presence across Australia.
Global private markets firm Partners Group has launched an evergreen fund to provide Australian advisers with access to its cross-sector royalties strategy.
Franklin Templeton has reduced fees for two of its Brandywine fixed income funds and enacted a name change for its Global Income Optimiser fund.
