Ophir’s fund ‘recommended’ by Zenith
Australian small and mid-cap equities manager, Ophir Asset Management has announced that its High Conviction Fund has received a ‘recommended’ rating from Zenith Investment Partners for the first time.
In its report, Zenith said that it had confidence in the ability of Ophir to “deliver on the fund’s objectives given the high calibre.”
It also praised Ophir’s underlying investment philosophy and process as well as Ophir’s impressive track record while managing small cap strategies.
The Ophir High Conviction Fund, which was established in 2015, was the firm’s second investment strategy and followed the asset manager’s original fund, the Ophir Opportunities Fund, launched in 2012, the company said.
The fund offered investors a concentrated and benchmark unware exposure to Australian and New Zealand companies listed outside the S&P/ASX 50 Index which are about to enter a structural growth phase.
Ophir’s investment director, Rob Saunders, said: “The ‘recommended’ research rating caps off a great year for the fund and its evolution towards increased accessibility for financial advisers and their clients.
“The research rating follows on from the appointment last year of Perpetual as responsible entity for the fund, alongside the issue of a PDS and recent addition to investment wrap platforms.”
From its inception in August 2015 to January, 2018, the fund returned 26 per cent per annum after all fees, outperforming the S&P/ASX Mid-Small Index by 10 per cent per annum, the company said.
AUTHOR
Oksana Patron
Recommended for you
Several wealth management companies have been shortlisted in the second annual Australian AI Awards program, which champions individuals and organisations pioneering Australian AI innovation.
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
