BThas introduced a new series of style-based wholesale funds on its Wrap platform in collaboration withInTechand several investment managers.
The offering, to be known as BT Partner Funds, consists of managers selected by InTech and BT within the Australian and international equity style categories of growth, core and value, and will also offer four multi-manager diversified products.
The managers dealing in Australian equities will includeGMOin the value category, Alliance for growth shares andAMP Hendersonin the core Australian equities class.
International equity managers will include Bank of Ireland Asset Management Australia in the international value shares category and Marvin and Palmer Associates for growth shares.
These initial managers are expected to be reviewed regularly by InTech.
BT head of asset accumulation Rob Coombe says the new series of funds will offer dealer groups and advisers a fresh line-up of wholesale funds offering competitive trail commissions.
“We are able to offer wholesale funds with retail trails by leveraging off the combined purchasing and distribution power of the BT Wrap platform and Westpac’s broader scale,” Coombe says.
InTech Financial Services executive director Brett Elvish says InTech will provide wholesale consulting expertise to monitor underlying managers in the BT Partner Funds against their investment objectives.
“To ensure the independence and integrity of the BT Partner Funds, InTech will regularly review managers’ performance against their underlying mandates, providing BT with the information necessary to hire and fire investment managers,” he says.
