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”.
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).
AUTHOR
Oksana Patron
Recommended for you
Record flows into iShares ETFs helped BlackRock’s assets under management reach US$13.5 trillion in the third quarter, but it reported outflows from the APAC region.
Regal Partners has passed $20 billion in funds under management, helped by $723 million in net inflows during the last three months.
Global investment manager Fidante has formed a strategic partnership with a London-based asset manager to secure exclusive distribution rights across the APAC region.
Blackwattle Investment Partners has hired a management trio from First Sentier Investors – who departed amid the closure of four investment teams last year – to run its first equity income offering.
