Zenith recommends Platypus Australian Equity Fund
Zenith Investment Partners has upgraded its rating for the Platypus Australian Equities Fund to ‘recommended’.
The Platypus Systemic Growth was also rated for the first time and received a ‘recommended’ rating. The recommended ratings for both funds were primarily due to the consistent application of Platypus’ investment process which had delivered strong excess returns.
Zenith said it was encouraged by the stability and growth of the Platypus business.
Gary Adamson, chief executive officer at Platypus Asset Management, said the recent upgrades cap off another year of solid growth.
“Platypus celebrates its 20th anniversary this year and we are proud of the returns we have delivered for investors over this time and the manner in which we have gone about delivering the returns,” Adamson said.
The rating upgrades for both funds followed their recent addition to MLC Wrap and approved investment lists for the MLC adviser network.
AUTHOR
Chris Dastoor
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.
