Lonsec recognises Cooper Investors’ global funds
Cooper Investors has announced an expansion to the retail market with two of its global equities funds, Cooper Investors Global Equities Fund (Hedged) and Cooper Investors Global Equities Fund (Unhedged), being awarded an “investment grade” rating from Lonsec.
The firm said it was the first time that the funds had been rated for the retail market.
Both funds are currently available on the HUB24 and Powerwrap, and the firm plans to add them to more platforms in the near future.
Coopers Investors’ managing director and chief investment officer, Peter Cooper, said: “These funds have given both institutional and wholesale clients the opportunity to diversify by offering exposure to global markers as well as providing outperformance, and we believe it’s opportune to make them available to the retail market”.
“There has been much discussion about how SMSFs [self-managed superannuation funds], in particular, have lacked diversification into overseas markets, and now these two funds offer a solution,” he said.
Cooper Investors, which was founded in 2001 in Melbourne, has approximately $12 billion in funds under management (FUM) and manages money via six funds for a range of clients, including superannuation funds, listed Australian companies, religious institutions, state government agencies, school endowments, charities, and high net worth families.
AUTHOR
Oksana Patron
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
