Allan Gray’s fund upgraded by Lonsec

Allan Gray rating recommended upgrade lonsec Simon Mawhinney

16 October 2018
| By Oksana Patron |
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Lonsec has upgraded its rating on the Allan Gray Australia Stable fund to ‘highly recommended’.

The research house praised the fund for its capability and investment skill of portfolio manager, Simon Mawhinney, and its “highly educated investment teams and the strong performance culture at the firm”.

The fund aimed to outperform the Reserve Bank of Australia (RBA) cash rate over the long term, while maintaining a lower of volatility than the broad share market, the company said.

Also, the fund was likely to be relatively uncorrelated to equity benchmarks due to its absolute return focus and benchmark-unware style.

“The investment team exhibits strong buy-in to the firm’s investment philosophy are strongly aligned with end investors,” Lonsec said.

“The fund offers investors a genuinely differentiated offering which is contrarian and highly opportunistic, that has delivered strong risk-adjusted returns over the long term. The 50 per cent cash floor also ensures that the fund’s volatility will be much lower than peers.”

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