Macquarie Wrap adds Triple3 product
The Grant Samuel Funds Management-distributed, Triple3 Volatility Advantage Fund has been added to Macquarie Wrap.
The company announced this week that the addition of the product to the Macquarie Wrap reflected the desire of advisers to diversify client portfolios and better manage volatility.
Triple 3 Partners was established in 2009 to provide volatility strategies to institutional clients, including alpha strategies, volatility overlay and volatility research.
The fund aims to generate long-term absolute returns with its volatility-focused strategy to capture alpha from highly liquid exchange traded VIX options.
Commenting on the product's inclusion on the warp, Grant Samuel Funds Management director and head of distribution, Damien McIntyre said volatility was a unique asset class that offered a largely untapped source of alpha for investors' portfolios.
"Portfolio diversification is a particular issue for Australian investors - who have a definite home bias when it comes to local equity exposure and who, per capita, have the second highest equity exposure globally," he said.
"The Triple3 Volatility Advantage Fund provides an alternative portfolio diversification option in this environment," McIntyre said.
The addition of the Triple 3 Volatility Fund to Macquarie Wrap follows the fund receiving a "Recommended" rating from research house Lonsec in August.
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