Praemium Ltd protected fund outperforms world index in first year
Date
9/28/2016 2:34:06 AM
(MENAFN- ProactiveInvestors - Australia)
Praemium Ltd (ASX:PPS) has delivered an outstanding inaugural year for its Smartfund 80% protected fund, outperforming the MSCI World Index with considerably less volatility.
Notably, the Smartfund 80% Protected Growth fund, comprising 90% exposure to international equity markets, reached over £80 million (A$135 million) in assets under management.
Praemium";s multi-asset fund manager team run the investments and Morgan Stanley provide the fund protection component.
Launched in September 2015, these multi-asset funds are available in three currencies - GBP, USD and EUR.
Investors benefit from capital protection to a minimum of 80% of the fund";s highest value ever achieved on a daily basis, effectively a high-water mark strategy.
The fund has done well in highly volatile markets, protecting value during downturns and yet being able to capture value on upswings.
Given the success of the Smartfund 80% Protected fund in the UK and international markets, Praemium is now planning to release an AUD version for the Australian market in 2017.
Earlier this month, Praemium entered into an agreement to acquire Wensley Mackay Ltd, a pension provider in the UK.
This strategic acquisition allows Praemium to enter the UK private pension space and access a significant new source of funds under administration via its existing adviser relationships.
The company";s share price has increased by 40% during the past three months, last trading at $0.42. <
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