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
ASIC has launched court proceeding against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
