Investors aims at $1 billion
Investors Mutual has set itself a target of $1 billion of funds under management in the next few years, according to the new client relationship and marketing manager Mark Folpp.
Investors Mutual has set itself a target of $1 billion of funds under management in the next few years, according to the new client relationship and marketing manager Mark Folpp.
"We are looking to achieve funds under management up to $1 billion and then close it off there,” he says.
"We won't go to a huge fund but rather keep it at a manageable level and if more funds flow in then we will spin that off into another fund," Folpp says.
The prediction comes amid a flurry of activity in recent months and a number of new faces at the fledgling funds management outfit.
Folpp joins the group from NSP Buck where he headed up the group’s marketing efforts.
Also new to the group is Monik Kotecha who has taken on a research role after a number of years with BT Funds Management.
Investors Mutual’s parent company InvestorWeb also listed on the ASX in August and shortly before this the group an announced a retail offering in conjunction with Bendigo Bank.
AUTHOR
Jason Spits
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