Nikko launches new fund
Japanese-owned Nikko Asset Management has moved to extend its product set targeting the Australian institutional market.
The company announced this week that it had launched the Nikko AM Absolute Return Fund which it claims is aimed at providing equity like market returns while minimising the risk of negative returns.
Announcing the new product, the company said it would be managed by Singapore-based fund manager, Robert Mann.
Commenting on the launch, Nikko Asset Management Australia head of distribution, Vincent Lo Blanco said it represented a significant expansion of the company's capabilities for institutional investors.
"Rob has established a strong reputation in Australia and Asia as an exceptional portfolio manager, whose strategies have consistently delivered for investors," he said.
The company said the fund was structured to accommodate global equities, fixed income, derivatives and foreign exchange without the encumbrance of benchmarking.
Recommended for you
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
Australians under 45 expect to need $100,000 per year to retire comfortably, but almost half the working population have no plan on how they will achieve this, Vanguard has found.
Divergences in the ratings of private credit funds by the major research houses demonstrate why financial advisers need to dig deeper and look beyond the surface-level rating of a fund.
