Centuria’s funds added to platforms
Centuria Capital has announced that its Diversified Property Fund (CDPF) has been added to the investment menus for HUB24, Netwealth, FUND.eXchange, Powerwrap, Colonial First State FirstWrap and Macquarie Wrap platforms.
The fund aimed to offer investors on the platform direct property exposure, combined with daily unit pricing and access to a monthly liquidity facility.
Centuria’s head of real estate and funds management, Jason Huljich said: “We have seen a substantial increase in fund inflows in the last quarter as the fund is now available for use with the vast majority of non-aligned financial advisers.
“Inclusion on platforms provides greater access for financial advisers, and their clients, to this strong-performing fund.”
The fund also offered investors access to tax-effective monthly income and the potential for long-term capital growth via investment in a diversified, open-ended portfolio of commercial property assets, which comprised 80 per cent direct property, 15 per cent Australian real estate investment trusts (A-REITs) and cash of five per cent.
“As the fund continues to grow, we will be looking to acquire direct assets for the fund. These will be high-quality, well located assets with financially strong tenants – ensuring stable and reliable returns for investors,” Huljich added.
Recommended for you
GQG Partners has completed the acquisition of the minority interests held by Pacific Current Group in three affiliates which will form its new Private Capital Solutions division.
The wealth management firm has unveiled a new fund in partnership with PG3 AG and investment specialist Longreach Alternatives, describing the investment solution as an “alternative” to traditional alternatives.
Fidante affiliate NovaPort Capital has announced the closure of its small cap and microcap funds, citing expected declining flows.
T. Rowe Price believes Australian growth is successfully managing to shrug off consumer weakness, but the firm’s multi-asset team is not yet positive enough to increase its underweight position.
