IOOF is pleased to announce that the new IOOF MultiSeries funds have been awarded a ‘Recommended’ rating from independent ratings house Lonsec Research Pty Ltd.
IOOF MultiSeries is a new range of low cost, predominantly active multi-manager funds, launched earlier in the month.
The ‘Recommended’ rating indicates that Lonsec has strong conviction the financial product can generate risk adjusted returns in line with relevant objectives. Specifically Lonsec commented on the strength of the IOOF Investment team led by the experienced Stephen Merlicek (CIO) and the thorough research process underpinning underlying manager selection and portfolio construction.
Lonsec also stated that the new funds represent value for money.
Commenting on the ‘Recommended’ rating, Stephen Merlicek, IOOF Chief Investment Officer, said: “This is a fantastic rating for any new fund and it underpins the IOOF Investment team’s ability to continue to construct quality multi-manager investment solutions.
“Acting on the call from our advisers, we listened and understood there is great demand for a low-cost multi-manager solution. Accompanying advisers’ appetite for lower fees, we’ve seen a shift towards less active strategies, and IOOF MultiSeries provides an easy, cost-competitive solution designed to deliver a moderate level of outperformance over a purely passive approach,” he said.
Daniel Dalton, IOOF Head of Specialist Solutions, added: “The Lonsec rating is a great endorsement of our work, demonstrating that our objective to provide value for money has been achieved.”
With the introduction of the new IOOF MultiSeries range, IOOF now offers two multi-manager solutions, so investors and advisers have more choice. For investors who don’t want to compromise on active management, IOOF MultiMix continues to offer the fully-active premium multi-manager solution.
IOOF MultiSeries and IOOF MultiMix funds can be accessed directly or through our range of platforms, including IOOF Pursuit and IOOF Employer Super.
| IOOF MultiSeries | Growth/defensive (%) | Management cost (% pa) |
| IOOF MultiSeries 30 | 30 /70 | 0.40 |
| IOOF MultiSeries 50 | 50 /50 | 0.45 |
| IOOF MultiSeries 70 | 70/30 | 0.50 |
| IOOF MultiSeries 90 | 90/10 | 0.55 |
