Alternative beta fund gets two positive ratings
Global investment manager, Capital Fund Management (CFM)'s alternative beta fund received a ‘recommended' rating from Lonsec and a ‘superior' rating from an independent investment research group, SQM Research.
A distributor of CFM's institutional systematic diversified trust, Winston Capital Partners, said that the fund was available with Netwealth and HUB24, and since it launched in November 2015 it received $37 million of funds.
Winston Capital's Stephen Roberston found that financial advisers were recommending the fund as they wanted to add alternatives to their model portfolios or active review methods.
"Generally, advisers' choices for high quality, simple-to-understand, affordable investment solutions have been quite limited, particularly compared with the choices offered to the institutional market," he said.
High-quality global managers like CFM had been welcomed into the true-to-label investment space, as they had proven track records of delivering return objectives and defending portfolios against risk, he said.
According to Money Management's Investment Centre, the CFM Institutional Systematic Diversified Trust underperformed against the sector average on a year-to-date basis.
Click here: http://investmentcentre.moneymanagement.com.au/factsheets/mi-mxffh/cfm-…
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
