Lonsec “Recommended SMA ” rating and inclusion on Praemium SMA platform gives greater access to high-performing Australian equities manager.
Dalton Nicol Reid received a “Recommended SMA ”rating from Lonsec.
Independent Australian investment management company Dalton Nicol Reid today announced that its Australian Equities High Conviction Portfolio has received a “Recommended SMA ”rating from investment research house Lonsec. The rating is an upgrade from the previous ‘Investment Grade’ rating received in March 2013. Additionally, Praemium has included the Australian Equities High Conviction model portfolio on its SMA platform offering.
“Lonsec believes the manager (Dalton Nicol Reid) offers a robust and highly repeatable investment process that has been a proven outperformer across the investment cycle.” In the three years to June 2013, the Model Portfolio has outperformed the Lonsec benchmark by 3.97% per annum before fees. Shorter-term performance has also been strong with the Model Portfolio outperforming the Lonsec benchmark by 5.38% for the year ended June 2013.
According to Lonsec, “Dalton Nicol Reid has many of the attributes it looks for in boutique managers, including a performance-driven culture and a strong alignment of interests between staff, investors and the firm”.
Lonsec also described Chief Investment Officer Jamie Nicol as an “astute and experienced investment professional” while his key Portfolio Manager Scott Bender is credited as being “a quality investment professional who has built a successful track record working alongside Nicol.”
Commenting on the rating, Dalton Nicol Reid CEO Harley Dalton said, “We are pleased to have received this rating, which reflects the team’s considerable experience in the SMA space and clear focus on consistently outperforming the market.”
The release of the Lonsec “Recommended SMA ” rating comes shortly after Praemium included the Dalton Nicol Reid Australian Equities High Conviction model portfolio on its SMA platform. Praemium Commercial Director Andrew Varlamos said Praemium has an open architecture business model and encourages the addition of quality boutique managers to its offering.
“Dalton Nicol Reid has been a pioneer in the SMA sector and has built a considerable following amongst advisers seeking to give their clients transparent portfolios. We are very pleased to add Dalton Nicol Reid models to our platform,” Mr Varlamos said.
