Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Lonsec upgrades Platypus fund

Lonsec-Research/Platypus-Asset-Management/australian-equities/upgrade/recommended/Gary-Adamson/funds-under-management/

9 November 2018
| By Oksana Patron |
image
image image
expand image

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”.

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).

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 week 6 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 weeks 6 days ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

2 weeks 1 day ago

A professional year supervisor has been banned for five years after advice provided by his provisional relevant provider was deemed to be inappropriate, the first time th...

4 weeks ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

2 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3