Advance adds Tradewinds funds
Advance Asset Management has entered an agreement with US global equity specialist Tradewinds Global Investors to offer its global equities fund exclusively to retail investors in Australia.
The agreement to add the four-star rated Advance Tradewinds Global Equities Fund to the Advance fund portfolio builds on Advance’s existing relationship with Los Angeles-based Tradewinds.
Tradewinds, which has US$30.8 billion in assets under management, has been managing international equities in the Advance International Shares Multi-Blend Fund since May 2006.
St George Investment Solutions general manager Patrick Farrell said the Advance Tradewinds Global Equities Fund offers local investors access to a “truly global manager, which invests in both developed and emerging markets”.
Tradewinds’ focus is on providing investors with “superior risk-adjusted returns through a value orientated process across varying market environments”, he said.
“It seeks to be opportunistic by exploiting disparities between investor perception and the underlying industry or company fundamentals.”
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
