Daniel Dalton

IOOF has announced that the new IOOF MultiSeries funds have been awarded a ‘Recommended’ rating from independent ratings house Lonsec Research Pty Ltd.

IOOF MultiSeries is a new range of low cost, predominantly active multi-manager funds, launched earlier in the month.

The ‘Recommended’ rating indicates that Lonsec has strong conviction the financial product can generate risk adjusted returns in line with relevant objectives. Specifically Lonsec commented on the strength of the IOOF Investment team led by the experienced Stephen Merlicek (CIO) and the thorough research process underpinning underlying manager selection and portfolio construction.

Lonsec also stated that the new funds represent value for money.

Commenting on the ‘Recommended’ rating, Stephen Merlicek, IOOF Chief Investment Officer, said: “This is a fantastic rating for any new fund and it underpins the IOOF Investment team’s ability to continue to construct quality multi-manager investment solutions.

“Acting on the call from our advisers, we listened and understood there is great demand for a low-cost multi-manager solution. Accompanying advisers’ appetite for lower fees, we’ve seen a shift towards less active strategies, and IOOF MultiSeries provides an easy, cost-competitive solution designed to deliver a moderate level of outperformance over a purely passive approach,” he said.

Daniel Dalton, IOOF Head of Specialist Solutions, added: “The Lonsec rating is a great endorsement of our work, demonstrating that our objective to provide value for money has been achieved.”

With the introduction of the new IOOF MultiSeries range, IOOF now offers two multi-manager solutions, so investors and advisers have more choice. For investors who don’t want to compromise on active management, IOOF MultiMix continues to offer the fully-active premium multi-manager solution.

IOOF MultiSeries and IOOF MultiMix funds can be accessed directly or through our range of platforms, including IOOF Pursuit and IOOF Employer Super.

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Daniel Dalton

IOOF yesterday announced the introduction of a new range of low-cost predominantly active multi-manager funds, collectively referred to as IOOF MultiSeries.

Commenting on the new range, Stephen Merlicek, IOOF Chief Investment Officer, said: “At IOOF we have an evidenced based approach to investing and whilst we are strong proponents of active investing, which can provide superior risk adjusted returns over the longer term, we also realise that there is demand for lower cost alternatives that provide an outcome between a fully active and fully passive approach.

“By the innovative mixing of active, passive and factor based strategies, combined with dynamic asset allocation, we believe we have come up with a unique solution that can still achieve significant value-add compared to a pure passive approach”.

“We know that some clients are willing to forgo active management for lower fees. With the introduction of the new IOOF MultiSeries range, we can now offer two multi-manager solutions, so investors and advisers have more choice.”

Building on IOOF’s successful multi-manager philosophy, IOOF MultiSeries focuses on specialist manager research underpinned by dynamic asset allocation.

IOOF MultiSeries offers a combination of investment strategies, through a mix of specialist underlying managers, at a lower cost (compared to other active multi-manager funds).

Significantly, IOOF MultiSeries has active exposure to sub-sectors such as Australian equity small caps and emerging markets.

Daniel Dalton, IOOF Head of Specialist Solutions, said the IOOF MultiSeries range was developed in response to adviser demand for a low-cost multi-manager solution.

“In response to adviser appetite for lower fees, we’ve seen a shift in demand towards less active strategies. Our new range provides the best of both worlds – an easy, cost-competitive solution designed to deliver outperformance over a purely passive approach.”

The naming of the IOOF MultiSeries funds reflects their growth asset exposure and was chosen for its simplicity and transparency.

IOOF MultiSeries 30, IOOF MultiSeries 50, IOOF MultiSeries 70 and IOOF MultiSeries 90 will cater to all different client segments and risk profiles. Importantly for advisers, the four funds will be rated by Lonsec, Zenith and Chant West.

IOOF MultiSeries and IOOF MultiMix trusts can be accessed directly or through our range of platforms, including IOOF Pursuit and IOOF Employer Super.

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