Allan Gray fund added to IOOF platforms


Allan Gray has announced that its Australia Stable Fund has been added to IOOF platforms due to adviser demand.
The fund, which received a highly recommended rating from Lonsec, aimed to outperform cash but wanted less volatility than investing in the share market.
The firm said that the fund was not a low-volatility equity fund, as the default position in cash and, according to some advisers, the fund might be an alternative to cash.
Allan Gray’s key account manager, Julian Morrison, said: “There are no other funds in the market like the Stable Fund, but we have found there is clearly huge demand.
“In this low interest rate environment it’s great for more conservative investors who are looking to beat cash without significantly increasing risk.
“We are pleased to be included on the IOOF platforms where a wide range of advisers can now access our unique contrarian investment style blended with cash in a single portfolio.”
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.