Multiplex Capital expands offering with two new funds
Specialist property investment manager Multiplex Capital has launched two open-ended unlisted property funds: the Multiplex Diversified Property Fund and the Multiplex Property Income Fund.
The diversified fund will provide both direct and indirect exposure to 47 listed and unlisted property trusts, 21 different fund managers and more than 1,750 underlying property assets.
The income fund will comprise of investment in 20 unlisted property funds through nine fund managers with indirect exposure to more than 300 underlying property assets and is expected to produce a steady income stream for investors, with capital stability and minimal risk.
During the construction process Multiplex Capital sought the opinions of platform providers, dealer groups, independent financial advisers and research houses to ensure the products met market needs and expectations.
“Multiplex Capital has identified a market need through dealer group research to provide diversified and stable earnings for investors with platform friendly property products, daily pricing, daily applications and daily redemptions,” Multiplex Capital funds management divisional director Rob Rayner said.
“When we build our funds our key focus is on there being no surprises for advisers, investors, us and the research houses, etc.
“These funds provide increased liquidity and accessibility for the retail investor, particularly the baby boomer, together with an attractive income return.”
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
