IOOF adds new funds to platform menu
IOOF has added 12 managed funds to its key investment platforms, bringing the total number of funds on offer to more than 100 funds.
Offerings from CFS, Challenger, Goldman Sachs JB Were, Perpetual and Perennial are among the new funds on the company’s Pursuit Select, IOOF Portfolio Service and LifeTrack platforms.
The new funds offer clients exposure to internal gearing options, quantitative or thematic style management, emerging funds, concentrated portfolios or income yield-focused products.
Senior research manager Paul O’Connor said a “key consideration of the platform review was to ensure the list offers best-of-breed options to advisers”.
“We are confident our investment menu now provides advisers and investors with the best options to create a diversified portfolio,” he said.
“It complements our product offer, demonstrates confidence in the performance and ratings of the fund managers we offer, and is responsive to any emerging investment trends.”
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
While efficiency remains a top priority for Australian advisers, State Street has revealed the profession is now juggling this desire with the need to maintain personalisation of its service offering.
A possible acquisition of data provider Iress is becoming a greater likelihood after the firm announced it is engaging with multiple interested parties.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
