AllianceBernstein fund on net wealth platform
Fund manager, AllianceBernstein has announced that its AllianceBernstein Global High Income Fund (GHI) has been added to the net wealth platform.
The company said the fund was being offered in Australia for the first time, and had a solid track record in offshore markets.
The announcement said GHI was being offered to Australian investors who had a higher risk tolerance and who were seeking consistent, monthly income at more competitive levels than those typically available from term deposits, domestic fixed-income products and annuities.
It said the product would appear as an investment option in both net wealth’s wrap services and super products.
The Fund uses a global, multi-sector approach which aims to maximize investment opportunities, income potential and portfolio liquidity. This enables its managers to look beyond sub-investment-grade corporate bonds to any high-yielding issue or sector in any country where there is potential to enhance risk-adjusted returns.
Recommended for you
It can be extremely hard to realise the gains from financial advice M&A, according to Peloton Partners’ Rob Jones, and more could be gained from firms looking inward at their own practice.
With platforms reporting their quarterly results, there is a clear divide in the adviser markets they are targeting, according to platform specialist Recep Peker, and which would be right for your clients.
The Federal Court has imposed a $10 million penalty on Macquarie Bank for failing to prevent and control unauthorised fee transactions by third parties including financial advisers.
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
