Monash fund added to BT Wrap
Monash Absolute Investment Fund has been added to BT Wrap's approved product list (APL), Monash Investors' said. The firm said the addition of the fund was a further positive affirmation of the fund's support from financial advisers.
According to Monash Investors' co-portfolio manager, Simon Shields, the fund saw strong interest from advisers who were seeking to complement equity manager in client portfolios as well as their direct and exchange-traded fund (ETF) investments.
He also noted that there was a number of advisers who preferred investments managed to an 'absolute' style versus being 'relative to a benchmark'.
Monash Investors' co-portfolio manager, Shane Fitzgerald, said: "Our point of difference includes our absolute return Australian equities strategy whilst supporting a benchmark unaware and style agnostic approach, attempting to 'reliably grow investor wealth'." The fund is now open to investments directly or by advisers via the Netwealth, Hub24, Powerwrap, ManagedAccounts.com.au, Mason Stevens and Macquarie Wrap channels.
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