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.
AUTHOR
Oksana Patron
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
