Three funds added to ASX mFund platform
Boutique fund manager, Alphinity, has added three managed funds to the Australian Securities Exchange (ASX) mFund platform, in a bid to boost its retail accessibility.
Alphinity principal, Johan Carlberg, said: "Alphinity's funds provide consistence performance and genuine alpha, over a long period of time, and that's what advisers and their clients are looking for in todays volatile market".
The Alphinity Australian share fund, the Alphinity concentrated Australian share fund, and the Alphinity socially responsible share fund were added to the mFund platform.
Based on Money Management Investment Centre (MMIC), we found that the funds returned 13.1 per cent, 13.89 per cent and 12.09 per cent to investors respectively, over the last five years.
ASX general manager, listing and issuer services, Max Cunningham said: "ASX welcomes the addition of three funds from Alphinity, which boosts the number of funds available through the mFund settlement service to 163, for investors and advisers to diversity their portfolios using ASX as an investment hub".
"With its paperless application process and with units held in CHESS, mFund provides an easy and streamlined way to access Alphinity's funds," Cunningham said.
For more of Alphinity Investment Managment's funds or to compare them to their peers, click here.
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