Share this on:
 E-mail
75
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not vetted for CNN

  • Click to view wiseinvest24's profile
    Posted February 24, 2014 by
    wiseinvest24
    Location
    BRISBANE, QLD, Australia

    Millinium Australian equity income fund receives rating

     
    Millinium Capital Managers' MSF Dividend Income Option has received an "A" rating from van Eyk Research in its Australian Equities Income Review.

    The Fund has been a stand-out performer in the Australian equity space, returning 39.2% over the 12 months to 31 December 2013.

    "Key to the Fund's approach is the quality of our screening process for choosing income stocks and the sophisticated approach to controlling risk," Millinium Capital Managers chief investment officer Mark Phillips said.

    Since the Fund's inception in July 2009, it has averaged a total return of 23.7% per year, compared to 11.7% for the S&P/ASX200 Index.

    The MSF Dividend Income Option invests in ASX-listed companies which Millinium judges to have sound and profitable businesses with limited downside risk. The investment team is led by Neill Colledge, who previously managed $11 billion in Australian Equities for the Queensland Investment Corporation and outperformed the S&P/ASX 200 index over eight years.

    He said: "We firmly believe that the first rule of investing is not to lose money, so the Fund usually has lower volatility and a lower beta than the market."

    Despite being an income-focused fund, the MSF Dividend Income Option significantly outperformed all other Australian share strategies in a recent Morningstar survey. The Fund's 39.2% total return for the 12 months to December 2013 was 4.6 percentage points ahead of its nearest competitor.

    The Fund is open to retail, wholesale and institutional investors.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.

    Comments

    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story