SQM Research upgrades Spatium fund
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Victoria-based boutique fund manager, Spatium has succeeded in having its Spatium Small Companies Fund upgraded by research and ratings house, SQM Research.
Spatium said that the fund had been upgraded from an ‘Acceptable’ rating to 3.75 stars making it favourable for consideration on approved product lists (APLs).
In upgrading the fund, SQM noted the product as being innovative, with better drawdowns that the benchmark and much better than the peer average.
Commenting on the rating, Spatium Capital director, Nicholas Quinn said it vindicated the team’s adherence to a adherence to a rules-based process “that gives us the confidence to call ourselves Quant managers”
“Our Fund has remained committed to maintaining a high-turnover approach for the portfolio which has, in-turn, resulted in strong downside risk protection, lower volatility and a lower beta profile than the market,” he said.
Of course, can’t expect APRA or ASIC to actually really do anything against Industry / Union / Bikkie Super Funds.…
It's quite easy to charge way less than this and remain profitable and compliant. If clients have simple requirements then…
That average fee looks fine. I only asked because I have seen examples (not in the main) of advisers charging…
I struggle to understand this concept at all as these clients have choice and they don't deserve to be discarded…
I'd start by looking at your target profit margin, what your profit is now and what you need to charge…