Allan Gray fund added to IOOF platforms

Allan-Gray/IOOF/lonsec/julian-morrison/

12 March 2019
| By Oksana Patron |
image
image
expand image

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.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS