Equity Trustees offers global funds to local market
Equity Trusteeshas aligned with global bond manager Pimco and international property group Jones Lang LaSalle to launch a range of offshore retail products in the Australian market.
The group will offer retail investors access to four Pimco bond funds, which will include a global bond fund, a global credit fund, a real return fund, and an Australian bond fund with Pimco as the underlying manager.
Pimco funds are available in Australia, but only at the wholesale level.
Equity Trustees is also launching a retail international property fund that will be managed by S G Hiscock and global real estate agents Jones Lang LaSalle.
The fund will invest in global listed property trusts, which will be sourced by LaSalle’s asset management division.
This is the second fund managed by S G Hiscock for Equity Trustees, with the boutique fund manager looking after Equity’s small companies fund.
Equity managing director Peter Williams, in the case of Pimco, says the company has worked with the global bond manager since 1999 and believes retail investors will welcome the opportunity to invest in its funds.
“We are looking forward to a successful implementation of these funds to the retail and independent distribution networks,” he says.
Pimco manages more than $US349 billion globally and has $11 billion of wholesale funds under management in Australia.
The company’s Australian managing director John Wilson says it was time to tackle the local retail market and given its existing relationship with Equity Trustees is presented with a good distribution vehicle for expansion.
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