Allan Gray fund added to IOOF platforms

Fund manager Allan Gray has added a new fund to IOOF platforms aimed at investors that seek to outperform cash but want less volatility than investing in the sharemarket.

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>In a statement, Allan Gray said its Australia Stable Fund differentiates itself from many other stable funds by being able to dial up its equity exposure to a maximum of 50 per cent when opportunities present themselves.

However, it also noted that the fund is not a low-volatility equity fund, as the default position is cash and some advisers may view this fund as an alternative to cash.

Allan Gray national key account manager Julian Morrison said there is “clearly huge demand” for funds like the Stable Fund.

“In this low interest rate environment it’s great for more conservative investors who are looking to beat cash without significantly increasing risk,” Mr Morrison said.

Allan Gray fund added to IOOF platforms
Julian Morrison
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Adrian Flores

Adrian Flores

Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

You can contact him on [email protected].

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