HUB 24 adds Platypus fund

13-Jun-2017

By Megan Tran

Email Article Print Article

Adviser platform HUB24 has added Platypus Asset Management’s Systematic Growth Fund to its range of investment options.

The fund uses a low-cost systematic approach that provides a bearing towards shares that exhibit high quality momentum.

“Instead of employing active stock selection, the fund uses strategic tilts to specific factors that drive the performance of Australian equities,” the fund manager said.

Platypus Asset Management head of quantitative investment Peter Brooke said the fund’s objective was to exceed market returns over the long term while providing investors with lower volatility than the broader market.

“The fund uses a uniquely Australian research-based approach to investing in Australian equities, and the low cost means that some investors are getting better value for money than either an index fund or a diversified active fund,” Brooke said.

He added that Platypus’ research implies that momentum is a key driver of the performance of the Australian share market.

“The strategy considers local market nuances like sector and stock specific concentration, which other funds based on global processes can sometimes ignore,” he said.

“The research on momentum shows that for Australian companies the stronger the past performance the more likely they are to deliver strong performance in the future.”

Platypus confirmed that the fund had returned 8.66 per cent a year since inception in 2009, outperforming the S&P/ASX 300 Accumulation index by more than 1 per cent a year after fees.

« Back to Articles