Navigator adds four Fidelity funds
Navigator has added six funds to its Personal Investment Plan and Personal Retirement Plan platforms, including four funds from Fidelity Investments, two of which were launched just three weeks ago.
The funds added include Fidelity’s Australian Equity Fund and the new China Fund and India Fund, along with Equity Trustees’ Intrinsic Value International Share Fund and Merrill Lynch’s Global Allocation Fund.
Navigator research manager Stuart Fechner said financial advisers had been demanding access to international funds and the new additions sought to address these demands.
He said few funds available provided access to specific countries such as China and India, despite publicity of the growth rates in these countries and related investment opportunities.
“Fidelity is a well resourced global investment manager with people on the ground to provide the investment coverage needed in countries like India and China. While being a global manager, it also understands the Australian financial industry and related distribution structure. That’s a good combination when offering such focused funds.”
Fechner said the other two international equity funds added — Merrill Lynch Global Allocation Fund and the EQT Intrinsic Value International Share Fund — were different from traditional global equity funds.
“The Merrill Lynch Global Allocation Fund makes active investment decision at a stock, sector and regional level. The benchmark asset allocation of the fund is 60 per cent equities and 40 per cent fixed interest/cash. Overall, this provides a good level of flexibility on many fronts,” he said.
“The EQT Intrinsic Value International Share fund does not invest into individual stocks, but rather assesses the investment opportunities at a country level across 22 developed countries. Investment is then made through gaining exposure to the related country’s equity market as a whole. The fund provides a level of diversification benefit, illustrating a relatively low correlation with traditional international equity funds.”
Recommended for you
Channel Capital has appointed a head of investment oversight who joins from 14 years at asset consulting firm JANA Investment Advisers.
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
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.
