BBL taps into the Dow
BBL Funds Management claims its new Director Dow Jones Global Titans Index Fund will provide Australian investors with the opportunity to invest in the world’s top 50 companies for the first time.
BBL Funds Management claims its new Director Dow Jones Global Titans Index Fund will provide Australian investors with the opportunity to invest in the world’s top 50 companies for the first time.
Launched late last month, the fund will invest in the 50 largest companies by mar-ket capitalisation, such as Coca-Cola, Microsoft and IBM, according to the group.
BBL Funds Management managing director Norman Sinclair is confident the fund will be popular with investors who feel comfortable with exposure international investments through blue chip stocks.
“We are the first fund manager in Australia to license the Dow Jones name for such a unique investment opportunity. Our early indications are that this index fund will be one of the most popular of the director index funds. It appears that when investors think international, it is really the big names they like,” Sinclair says.
Sinclair hopes to market the funds to financial planning groups, with Perpetual Pri-vate Clients, Financial Planning & Life, Bongiorno and Western Pacific already placing the fund on their recommended lists.
BBL Funds Management has $447 billion in funds under management globally.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
