Lonsec upgrades Platypus fund
Lonsec Research has upgraded Platypus Asset Management’s Australian Equity Fund to “recommended”.
The fund invests in a concentrated Australian equity portfolio to deliver strong returns over the medium to long term by identifying high-quality Australian companies with strong growth prospects.
Lonsec praised the firm for the its “persistent style, concentrated approach, and small to mid-cap bias”.
It also highlighted the cohesion of the management team and the competitiveness of the fund’s reduced management fees.
Platypus asset Management’s chief executive, Gary Adamson, said: “We’re pleased to see the fund recognised for its continued growth and strong performance.”
“It’s a testament to the team’s experience and dedication to generate superior returns for investors.”
Currently, Platypus has $2.2 billion in funds under management (and advice).
AUTHOR
Oksana Patron
Recommended for you
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.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
