BNP Paribas Asset Management (AM) Australia has announced the launch of a new Australian equities offering.
The BNP Paribas Australian Equity Benchmark Intensive Trust offers a concentrated portfolio of approximately 30 to 40 stocks, targeting a return of six per cent per annum in excess of the S&P/ASX 300 Accumulation Index over rolling five-year periods.
BNP AM Australia said the delegated investment manager of the trust would be Melbourne-based JCP Investment Partners, which is a specialist wholesale Australian-focused equities manager.
David Grybas, BNP AM Australia chief executive, said the partnership was expected to provide investors with access to an Australian equity strategy that has been previously not been available to retail investors.
“This is a natural extension to our already strong line-up of high-conviction global equity strategies,” he said.
The trust is an Australian-domiciled investment vehicle available to both Australian and New Zealand investors, with a minimum investment amount of A$25,000.