OptiMix gets leg-up from Lonsec
ING’s OptiMix multimanager funds have scored a ‘recommended’ rating from research house Lonsec, mainly in light of top quartile returns and successful tactical asset allocation (TAA).
A ‘recommended’ rating is the second highest score a manager can attain from Lonsec.
“Fund performance has generally been strong. In the multi-sector growth space, OptiMix has delivered top quartile risk-adjusted returns,” said the Lonsec report.
Lonsec said the OptiMix growth fund was the second best performer out of nine competing funds over 2004, while over three years the fund ranked second out of eight competing multimanager growth funds.
“A unique feature of OptimMix’s process is the incorporation of active TAA. Attribution analysis demonstrates that the manager has delivered solid positive value from TAA over the past five years,” Lonsec said.
The Lonsec rating covers eight OptiMix funds, ranging from conservative balanced to small cap specialist products. They have collectively just passed $5 billion under management.
Recommended for you
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
