Lonsec upgrades Platypus fund

Lonsec Research has upgraded Platypus Asset Management’s Australian Equity Fund to “recommended”.

The fund invests in a concentrated Australian equity portfolio to deliver strong returns over the medium to long term by identifying high-quality Australian companies with strong growth prospects.

Lonsec praised the firm for the its “persistent style, concentrated approach, and small to mid-cap bias”.

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It also highlighted the cohesion of the management team and the competitiveness of the fund’s reduced management fees.

Platypus asset Management’s chief executive, Gary Adamson, said: “We’re pleased to see the fund recognised for its continued growth and strong performance.”

“It’s a testament to the team’s experience and dedication to generate superior returns for investors.”

Currently, Platypus has $2.2 billion in funds under management (and advice).

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