Concentrated Australian equities fund, the Prime Value Opportunities Fund, has been added as an investment option for the Macquarie Wrap platform.
The Prime Value Opportunities Fund is managed by boutique manager, Prime Value Asset Management, with a mandate to achieve absolute returns with a highly concentrated mix of stocks invested across the market, including large, mid and small caps. The Fund has a strong emphasis on preserving capital and can hold 100% cash in difficult markets.
Since inception in November 2012 the Fund has averaged a 13.3% per annum return to 31 October 2016.
David Glascott, Head of Retail Distribution at Prime Value Asset Management, said active management would remain crucial in the current low growth, low returns environment. “More advisors and investors are interested in the absolute return approach because it provides the stock picking skills with the ability to protect capital.
“With so many vanilla investment strategies currently available there is an appreciation for genuinely independent boutiques such as Prime Value.
“We have a formula which is difficult to replicate and structured to promote outperformance while having the right capital protection mechanisms behind it.”
