outique fund manager Alphinity Investment Management has added three managed funds to the Australian Securities Exchange (ASX) mFund platform, in a move to boost retail investors’ accessibility to its leading investment products.
The funds are:
The Alphinity Australian Share Fund – a diversified portfolio of Australian stocks
The Alphinity Concentrated Australian Share Fund – a high conviction portfolio of Australian stocks
The Alphinity Socially Responsible Share Fund – a diversified portfolio of Australian stocks screened through environmental, social and governance (ESG) filters.
Alphinity principal, Johan Carlberg, said being available on mFund will help to increase the boutique’s growing retail inflows.
“Alphinity has already grown strong traction among institutional investors, and now we are growing our penetration into the retail market. Our funds provide consistent performance and genuine alpha, over a long period of time, and that’s what advisers and their clients are looking for in today’s volatile market.
“By joining the mFund platform, it will be easier and faster for retail investors to access our investment products through participating brokers,” he said.
Max Cunningham, General Manager Listing and Issuer Services at ASX, said, “ASX welcomes the addition of three funds from Alphinity, which boost the number of funds available through the mFund settlement service to 163, providing further opportunities for investors and advisers to diversify portfolios using ASX as an investment hub.”
“With its paperless application process and with units held in CHESS, mFund provides an easy and streamline way to access the Alphinity funds,” he said.
Alphinity has been delivering positive performance in a volatile marketplace, returning 8.9% for its flagship Australian Share Fund since inception (in 2010), against 8.2% for the benchmark ASX 300, while its Concentrated Share Fund has returned 10.3% since inception (in 2004) compared to 8.3% for the benchmark ASX 200 and its Socially Responsible Share Fund has returned 8.8% since inception (in 2000) compared to 8.2% for the benchmark ASX 300 (as at 30 September 2016).
“We have a process and discipline that allows us to take the right level of risk at the right time. If you do that over and over again, you end up with superior performance and lower than average risk. We are the core equities portfolio that clients trust and build a base from,” Mr Carlberg said.
Strong retail consultant support has also helped Alphinity to build its retail investor base.
“Alphinity is starting to build a brand and gain momentum in the retail market. We may not have the marketing budget of the big, incumbent fund managers but investors and their advisers are attracted to our performance, our co-investment structure, and the stability and longevity of the team,” Mr Carlberg said.
