Asgard splits up investment menu
Sealcorphas approved changes to the investment menu of its flagship master trust and wrap platform,Asgard, which will see it split hedge funds, absolute return funds and tactical asset allocation (TAA) funds into separate categories on the list of options for the first time.
According to Sealcorp director of investments and insurance Caroline Saunders, the changes have been made to clarify the nature of some funds and the risk profiles associated with them.
“We are going to represent them separately on the menu so advisers are really aware what they’re putting client funds into,” Saunders says.
“Hedge funds have additional risk attached to them and people need to be aware that that’s what they’re in.”
In other changes to the investment menu, Asgard has added theInvestors MutualIndustrial Share Fund,AMPSmall Caps Fund, Portfolio Partners High Growth Shares Trust and Portfolio Partners Emgering Shares Trust to its equities category. TheSchroderHybrid Securities Portfolio, theSagittaRothschild Global Return Fund and the BGI TRF Global Markets Fund have also been added to the menu.
Saunders says during the review of Asgard’s investment menu, Sealcorp also removed products that did not have investment grade ratings, such as theBTAustralian Share Fund.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
