Australian fund manager Prime Value has launched Prime Value Opportunities Fund, a concentrated equities fund structured to balance outperformance and capital preservation, Financial Standard reported.
This is company’s first new fund in almost 12 years, after moving further into the retail space from its family office- focused origins.
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According to the publication, the fund will hold between 10 and 30 stocks mainly across the ASX and it will offer investors the possibility to allocate up to 100% of the portfolio to cash.
The fund also allows a mandate up to 20% of the portfolio allocated to international stocks.
"The strategy suits investors seeking a concentrated non-benchmark aware portfolio to complement other diversified strategies," the publication quoted the fund’s portfolio manager ST Wong as saying.
Wong explained that recent research in the UK showed that concentrated portfolios outperformed diversified portfolios by 400 basis points.
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By GlobalData"We have always prioritised capital preservation but feel the potential for 100% cash allocation fills a market need and reflects our mandate for absolute returns over the medium term."
