HUB24 adds Platypus’ low cost fund
HUB24 has announced it has added Platypus Asset Management’s low cost systematic fund to its investment menu.
The fund said it used a low-cost systematic approach which leveraged strategic tilts to specific factors rather than employing active stock selection.
Also, the fund’s objective was to exceed market returns over the long-term while providing investors with generally lower volatility than the broader market.
According to Paltypus’ head of quantitative investment, Peter Brooke, the fund’s research implied that momentum was a key driver of the performance of the Australian share market.
“First, the fund uses a uniquely Australian research-based approach to investing in Australian equities, and second, the low cost of the fund means that some investors are getting better value for money than either an index fund or a diversified active fund,” he said.
“The research on momentum show that for Australian companies the stronger the past performance the more likely they are to deliver strong performance in the future.”
The fund returned 8.66 per cent per annum since its inception in November 2009, outperforming the S&P/ASX 300 Accumulation index over this time by more than one per cent per annum after fees.
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