Powered by MOMENTUM MEDIA
investor daily logo

Clime's discrete share portfolio service drives growth

  •  
By Samantha Hodge
  •  
2 minute read

Clime Investment Management (Clime) has posted an increase in funds under management (FUM) for the quarter ended 30 September 2012.

The company's FUM rose $27 million quarter-on-quarter to $320 million for the period, despite volatile markets.

Clime company secretary Richard Proctor cited growth of its discrete share portfolio service for the increase.

"[That] is the main source of growth for Clime and we do expect that to continue," Proctor told InvestorDaily.

"People are very interested in having direct ownership of shares and through our vehicle, the discrete share portfolio service, we have achieved tremendous returns for investors," he said.

==
==

The portfolio service, which has clients mainly in the wholesale self-managed super fund investor space, has grown to $220 million.

"Fund performance has certainly helped us," Proctor said.

Going forward, Clime plans to continue its strategy of "investing in sound healthy attractive companies", he said.

Since Clime switched to the Macquarie Wrap in July, the financial services company has seen flow acceleration.

"We continue to get a lot of enquiries from self-managed super funds. We're getting continual enquiry direct from people who find us on word-of-mouth or performance," Abernethy said at the time.

"Our performance has been pretty good consistently now over a long time. It's not a flash in the pan. Maintaining performance will maintain growth," he said.