Lonsec recognises Cooper Investors’ global funds
Cooper Investors has announced an expansion to the retail market with two of its global equities funds, Cooper Investors Global Equities Fund (Hedged) and Cooper Investors Global Equities Fund (Unhedged), being awarded an “investment grade” rating from Lonsec.
The firm said it was the first time that the funds had been rated for the retail market.
Both funds are currently available on the HUB24 and Powerwrap, and the firm plans to add them to more platforms in the near future.
Coopers Investors’ managing director and chief investment officer, Peter Cooper, said: “These funds have given both institutional and wholesale clients the opportunity to diversify by offering exposure to global markers as well as providing outperformance, and we believe it’s opportune to make them available to the retail market”.
“There has been much discussion about how SMSFs [self-managed superannuation funds], in particular, have lacked diversification into overseas markets, and now these two funds offer a solution,” he said.
Cooper Investors, which was founded in 2001 in Melbourne, has approximately $12 billion in funds under management (FUM) and manages money via six funds for a range of clients, including superannuation funds, listed Australian companies, religious institutions, state government agencies, school endowments, charities, and high net worth families.
AUTHOR
Oksana Patron
Recommended for you
Outflows have doubled in the property and infrastructure space to $1.3 billion with advisers instead favouring private markets as Morningstar data finds active property funds are struggling to outperform.
Fund manager HMC Capital is seeking to expand fundraising for its private equity vehicle into wholesale platforms now that it has achieved a three-year track record, while scrapping plans for a second fund.
Former Platinum co-founder James Simpson will take up a non-executive role at Income Asset Management as two directors retire.
Bell Financial Group has announced a 44 per cent decline in half-year net profit after tax but record funds under advice as it transitions into a diverse wealth management business.
