Two platforms add Spire small-caps fund

Two platforms have added the Spire Copper Rock Capital Global Smaller Companies Fund after it closed to institutional investors.

Macquarie Wrap and BT have added the fund, which is a partnership between Boston-based small-cap specialist Copper Rock Capital and Spire Capital.

"The fund is now closed to institutional investors globally, including 13 Australian institutions; however, Spire Capital have the remaining $300 million allocation for the private wealth market with some key licensees now including the fund in their model portfolio," a statement said.

At the same time, Zenith has released a 'Recommended' rating for the fund.

Advertisement
Advertisement

Spire Capital director Dale Holmes said global small caps provide Australian investors with a broader opportunity set, along with return and diversification benefits, but they require a proven active manager.

"Copper Rock are a proven specialist in a sector that demands active management. The fund provides advisers with the opportunity to access global companies in sectors like healthcare and technology where Copper Rock currently have nearly three times the Australian index market exposure," Mr Holmes said.

"Many advisers have exposure to the Australian small cap sector and/or large cap global equities and this fund complements that position as advisers and investors look for sources of return."

The Copper Rock Capital investment team, headed by CIO Stephen Dexter, has a 13-year record of managing global small caps, including the last five years at Copper Rock Capital.

Two platforms add Spire small-caps fund
default
ifa logo

Subscribe to the ifa bulletin

Receive daily online news,analysis, reports and business strategies
By signing up you agree to our Terms of Use and Privacy Policy

from the web

Website Notifications

Get notifications in real time and stay up to date with content that matters to you.