The Advance Moderate Multi-blend fund was also nominated for the award, receiving the third position. The awards reflect ratings from Morningstar, Zenith Investment Partners and Lonsec with additional filtering used to identify category winners.
Head of Advance Asset Management, Patrick Farrell, said he was absolutely delighted with the win. He credited the team and their ‘active management’ approach to investing, where investment strategies are adjusted according to the movements of the market, managing both risks and opportunities, to deliver consistent returns.
“The recognition of the Money magazine Best of the Best awards for our Multi-Blend funds reflect the results and dedication of a passionate, committed team and are a strong sign that a flexible asset allocation approach is the most effective,” said Farrell.
Advance is one of the largest and fastest growing multi-managers in the Australian market, and a member of the Westpac Group. Advance stands distinct from its peers for its independent approach and thinking, ensuring industry leading risk management with consistent delivery of returns .
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