Lonsec upgrades Aberdeen fund
Research and ratings house, Lonsec has upgraded the Aberdeen Australian Small Companies Fund to a "Highly Recommended" rating.
The company confirmed the upgrading of its fund last week, noting that it followed on from a similar upgrading of the Aberdeen Ex-20 Australian Equities Fund in November, last year.
Both Funds are managed by Aberdeen's Australian Equities team and follow the same fundamental approach.
Commenting on the upgrade, Aberdeen's Head of Australian Equities, Rob Penaloza said large companies tended to attract the spotlight but there was a risk investors might overlook opportunities that small companies could offer in terms of higher growth potential and profitability.
In its report, Lonsec described the Aberdeen process as robust, repeatable and
The Aberdeen Australian Small Companies Fund is currently available on platforms including AMP North, BT Wrap, Asgard, IOOF Pursuit, Macquarie Wrap, netwealth, MLC Wrap and Oasis.
Recommended for you
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.
Following the departure of its chief marketing officer last year, AMP has appointed a successor to take up the position with the appointment coming from the US.
The Financial Services Council has appointed Justine Earl-Smith as executive director for commercial partnerships and growth, a newly created role for the organisation.
