Monash’s absolute investment fund ‘recommended’
Monash's absolute investment fund, has received a ‘recommended' rating from research house, Lonsec Research, after returning double digits to investors since inception, according to the fund manager.
Monash Investors' co-portfolio manager, Simon Shields, said: "Since our inception in July 2012 we have provided investors with double digit returns after fees, with lower volatility and drawdowns than the market, with no loss of capital in any financial year".
Based on the Money Management Investment Centre (MMIC), the fund generated a return of 5.26 per cent year-on-year (to date), while the index returned 1.74 per cent.
It was encouraging to see that Monash had been recognised for its unique absolute return Australian equities strategy, in a market where demand for such capabilities was on the rise, Shields said.
"We continue to see advisers looking for funds that can support their objective-based advice processes, whilst also providing a satellite option for advisers who manage direct holdings on behalf of their clients, where they recognise that shorting or investing in Pre-IPO stocks is more difficult for them to do," Shields said.
To see how the fund has performed against its index in the MMIC, click here.
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