IOOF awards Aussie equities mandate

IOOF Investors has awarded Australian equities value manager Ralton Asset Management a large cap mandate.

Ralton AM head of Australian equities Andrew Stanley said the mandate "validates the strength of the team and consistency of performance over a long period".

The mandate will see Ralton AM manage a concentrated portfolio of Australia shares within the S&P/ASX300 Accumulation Index.

IOOF Investors portfolio manager Dan Farmer pointed to Ralton AM's "solid track record".

"We are delighted to work with Andrew and his team and have them join our list of high calibre investment managers in our MultiMix line-up," Mr Farmer said.

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