MacarthurCook’s NZ investment pays off
MacarthurCook’s acquisition of a 33 per cent interest in New Zealand fund manager Kinloch has paid dividends, with MacarthurCook Investment Managers being appointed as the investment manager for the new Kinloch Emerging Markets Property Securities Fund.
The new fund will be launched in New Zealand this week and the appointment of MacarthurCook Investment Managers follows its parent’s investment in Kinloch in January.
Under the arrangement, Kinloch will manage the fund and be responsible for attracting investment, with MacarthurCook selecting and managing the underlying investments.
Commenting on the move, MacarthurCook managing director Craig Dunstan said the Kinloch Emerging Markets Property Securities Fund was the first fund of its kind.
He said the rationale for investing was compelling, with growth across emerging markets such as China, India and Brazil forecast to increase by 6.5 per cent in the next two years.
Dunstan said the company also saw significant growth potential in the New Zealand savings industry and the emergence of new funds that specialised in direct and indirect real estate assets.
AUTHOR
Mike Taylor
Recommended for you
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
The number of active advisers on the HUB24 platform has risen to more than 5,200, helping it see quarterly inflows of $5.2 billion.
ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments.
CFS has formed a strategic partnership with the University of Sydney to support the responsible development of AI solutions in the wealth management sector.
