Clime fund joins Macquarie Wrap
Clime Asset Management has achieved a breakthrough with its Clime Australian Value Fund (CAVF) being added to the Macquarie Wrap platform.
The company announced this week that the fund would be part of the Macquarie Wrap platform (superannuation, investment and pension menus) from July, 2012.
Commenting on the achievement, CAVF chief investment analyst John Abernethy said he believed more advisers were seeking fund managers which valued the market based on a transparent approach and which had a macro-overlay to justify an allocation.
He said the fund's entry onto the Macquarie Wrap had been supported by some larger independent planning groups - something which gave rise to an expectation of strong growth in the fund over the next 12 months.
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