Wingate Global Equity Fund added to Macquarie Wrap
Boutique international equities manager, Wingate Asset Management, has had the Wingate Global Equity Fund selected for the Macquarie Wrap platform.
The fund aimed to produce positive superior long-term returns with a strong focus on limiting and reducing downside risk, with chief investment officer, Chad Padowitz, naming it as the perfect fund for investors concerned about taking on risk in the current global environment.
"The Fund offers investors an option that limits downside risk while ensuring they don't miss out on the market's upside," he said.
"At the same time, we seek to provide stable income that is less affected by market volatility than other global equities funds."
According to Padowitz, Wingate has generated between seven and nine per cent per annum in income and used a unique option-based implementation process to ensure downside risk and positive yield results.z
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.