Nucleus Wealth says 'remain cautious'

Nucleus Wealth COVID19 Damien Klassen risk markets

13 July 2020
| By Oksana Patron |
expand image

Wealth and superannuation manager, Nucleus Wealth, has said it will remain cautious, as it managed to de-risk portfolios before the markets went into a tailspin, which helped five of its six funds remain in positive territory for 12 months to 30 June, 2020.

Both Nucleus’ growth funds, Tactical Growth and Core International, managed to outperform their peers while its other three funds, Tactical Income, the Tactical Accumulation and the Tactical Foundation, ranked first, sixth and sixth, respectively, in their index categories, according to Morningstar.

The Core Australia Fund was the only fund to slip backwards, the firm said.

Nucleus Wealth’s head of investments Damien Klassen described the past 12 months as difficult, especially February when the impact of the COVID-19 pandemic first became apparent.

“Working on the premise that prevention is better than the cure, we acted quickly to de-risk our portfolios before the markets went into a tailspin, thus ensuring our clients were protected from the market carnage that occurred once markets realised the gravity of the pandemic and its inevitable economic fallout,” he said.

“We still remain cautious, and although that has meant missing out on some of the subsequent market upswing, it has still allowed our portfolios to outperform significantly over the year without our investors experiencing the extreme market volatility of many other fund managers.”

Read more about:



Recommended for you



sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

Chris Cornish

By having trustees supervise client directed payments from their pension funds, Stephen Jones and the federal Labor gove...

2 days 23 hours ago
Chris Cornish

Now we now the size of Stephen Jones' CSOLR tax, I doubt anyone will be employer any new financial adviser from this poi...

2 days 23 hours ago

Amazing ! Between the beginning of licencing Feb 2002 and 2008 this was a very good stable industry.Then the do-gooders...

3 days 18 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

10 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months 2 weeks ago