Advance moves on with rating win
InvestorWebhas namedAdvance Funds Managementits top rated six star manager for Australian equities.
Advance makes use ofMaple-Brown Abbott(MBA) for its investment management. Advance head of product and marketing Eamonn Roles says the fund in question, its imputation fund, has a long history of consistently adding value.
“The product has been around since 1986. In recent years, it has delivered more than two per cent above the index after fees,” Roles says.
“It sits comfortably in the portfolio of investors seeking good equity exposure, and benefits from the experience of Doug Ayton at MBA, who has over 10 years experience in this asset class.”
InvestorWeb analyst Glen Franklin says while MBA has a value bias and managers in that area have done well, it also has a high number of quality people in the business.
“It is a very stable and experienced team, which uses a process that is not overly complex but focuses on investment basics,” Franklin says.
“These two strong qualitative elements, as well as an eight per cent outperformance over three years, definitely puts the manager ahead.”
Roles says the fund also has low turnover of stocks, so is tax effective in that there is a minimum of capital gains which makes the fund popular with financial advisers and clients.
AUTHOR
Jason Spits
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
