IOOF adds La Trobe credit fund to platform
The IOOF Pursuit Platform has included Blackstone’s flagship La Trobe Financial 12 Month Credit Fund Term Account onto its investment platform.
La Trobe Financial’s chief investment officer, Chris Andrews, said the step was taken following significant demand from the financial adviser market.
“Our 12 Month Term Account is one of our core retail offerings, standing now at $1.3 billion of the total FUM (funds under management),” he said.
“Its capital stable, fixed income profile is built on a highly diversified portfolio and over 65 years of management experience.
“We will continue to execute our time-tested investment philosophy with rigour and discipline and welcome the inclusion on this new platform.”
Michael Watson, La Trobe Financial’s head of major clients, private wealth, said major platforms and licensees were increasingly seeing the importance in partnering with fund managers who offer a genuine point of difference for investors.
“Our addition to IOOF Pursuit will help more advisers meet client requirements in a time of continued volatile markets and low yields,” he said.
Recommended for you
The latest budget papers have outlined a $10 million provision for ASIC greenwashing enforcement activity as well as funds for a sustainable labelling regime to be partially met by industry levies.
Betashares has expanded its fixed income solutions with the launch of a new ETF offering exposure to subordinated bonds issued by the big four Australian banks.
The latest monthly Bank of America global fund manager survey has found investors are starting to shift cash into bonds as cash allocations reach a three-year low.
AUSIEX analysis has discovered the net traded value of Australian dollar fixed income ETFs more than doubled from January to April, reflecting growing investor demand.
