Boutique fund gets ratings upgrade
Sydney-based boutique funds manager, Montgomery Investment Management's flagship funds has received a ratings upgrade from Lonsec.
The three-year-old Montgomery Fund secured an upgraded ‘recommended' rating from the research house, Montgomery chief investments officer, Roger Montgomery said.
"Our focus has been to invest in high quality companies that can reliably grow income rather than conventional blue chip businesses," he said.
"This is in stark contrast to the wisdom of investing in large, high dividend yielding companies.
"The Fund has an ‘All Cap' approach and is prepared to hold cash. A lack of high quality investment candidates, or a declining margin of safety, will produce an increase in cash to protect investors' wealth, and this can rise as high as 30 per cent of the portfolio."
AUTHOR
Nicholas O'Donoghue
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
