Global opportunites fund added to platforms: Morphic
Morphic Asset Management's global opportunities fund has been added to multiple platforms in the market on the back of steady, risk-adjusted returns.
Morphic Global Opportunities had been added to BT's wrap platform, Macquarie's wrap, Netwealth, CFS's FirstWrap and Hub24.
The fund said it produced an annualised return of 18.59 per cent since inception (net of fees) and outperformed against its global equity peers, which included Vanguard (ETF), Platinum and PM Capital.
The fund concentrated on long-term capital growth, risk management and seeking good quality low priced stocks that had earnings growth and sustainable change upside.
Co-founder and managing director, Jack Lowenstein, said that Morphic explored opportunities across all-caps and countries.
"We begin, however, by first looking for stocks that are low-priced, with strong momentum — a sign that change is both investable and enduring," he said.
Real change to Morphic meant there was a measurable shift in an industry or at the technological, political or economic level.
For example, Power Grid Corporation of India, was a large positive contributor to the fund, Lowenstein said.
Power Grid owned and operated all the power networks in India. The country's hunger for power required decades of transmission capacity to be added to the network. That made the company a long-term predictable growth story, he said.
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