Experts' Choice passes $1 billion milestone
AMP announced this week that Hillross Financial Services had attracted over $1 billion in funds under management (FUM) to its Experts' Choice Funds multi-manager product range.
The company said the inflows were a reflection of strong adviser interest and ongoing outperformance across the range of funds.
Commenting on the achievement, Hillross managing director Hugh Humphrey said it represented a significant achievement, with the Experts' Choice Funds having grown from $500 million at the end of 2008 to more than double the size over a challenging period.
"Despite the volatility, efficient portfolio construction has delivered clients reduced risk and more consistent returns," he said.
The Experts' Choice Funds are open to investors via a range of administration platforms including North, PortfolioCare, Personalised Portfolio and Macquarie Definitive Wrap.
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