Loftus Peak launches active ETF
Loftus Peak has launched its Global Disruption fund as an actively-managed exchange traded fund (ETF) on the Australian Securities Exchange (ASX).
According to FE Analytics, the managed fund had returned 149.09% since inception on 15 November, 2016, to 31 October, 2020, and had an annualised return of 25.9%.
Rick Steele, Loftus Peak chief executive, said the launch of the fund as an active ETF opened it up to a wider range of investors.
“The dual registry structure means that an investor can access units either traditionally as a managed fund or directly through the ASX,” Steele said.
Alex Pollak, Loftus Peak chief investment officer, said companies included in the portfolio were only selected if they satisfied their “tried and tested” valuation methodology.
“People are increasingly running their day-to-day lives online and companies that don’t respond to these changes will struggle,” Pollak said.
“We seek to identify companies that are challenging incumbents across a whole range of industries including retail, transport and logistics, financial services, media/communications and healthcare.”
Anshu Sharma, Loftus Peak portfolio manager, said the firm was always looking to position the fund for what they believed the world would look like in two to five years’ time.
“Right now, we have a strong focus on companies that are enabling 5G; we expect 5G will have widespread business applications in the coming years and offer enormous opportunities for the Fund to participate in,” Sharma said.
The fund’s quotation on the ASX was achieved in conjunction with the fund’s responsible entity Equity Trustees Limited and administrator Mainstream Fund Services.
Performance of the Loftus Peak Global Disruption fund since inception versus benchmark
AUTHOR
Chris Dastoor
Recommended for you
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
Strong adviser engagement has helped Praemium reach $1 billion in inflows on its Spectrum offering, with a deal with Western Australian wealth firm Euroz Hartleys expected to add as much as $2 billion.
