Milford Dynamic Fund
Milford Asset Management has launched the Milford Dynamic Fund (AU) in Australia, which invests in small and mid-cap Australian equities.
The Milford Dynamic Fund (AU) is an open-ended, equity fund designed to outperform the S&P/ASX Small Ordinaries (TR) Index.
“We believe there are attractive opportunities at the small cap end of the market, which tends to be less efficient and not as widely researched. With a dedicated Australian investment team our goal is to deliver strong returns for our investors, while remaining aware of the risks inherent in the space in which we invest”, Michael Higgins, co-portfolio manager of the fund, said.
The fund is the Australian unit trust version of Milford’s Dynamic Fund in New Zealand, which has delivered 13.46% per annum net of fees since inception on 1 October 2013. The Australian fund has a minimum investment of $20,000 and a recommended investment time frame of at least five years.