Planners list HFA funds
A number of Australia’s premier financial planning groups have added the latest additions of the Hedge Funds of Australia (HFA) product range to their recommended lists.
Dealer groups such as Professional Investment Services, Whittaker McNaught, McIntosh Financial Planning and Associated Planners have added the three absolute return funds to their lists just weeks after their launch in early March.
HFA managing director Spencer Young says the ready recommendation of the funds by the dealer groups demonstrates the increasing acceptance of hedge funds by financial planners.
While a number of the groups already had HFA's ABC Fund on their lists, there were also a few dealers adding HFA funds to their lists for the first time. Young says the group is in discussions with a number of other high profile groups to add the HFA funds to their lists, including Deloittes and Lonsdale.
Acceptance by the dealer groups comes as a recent van Eyk/ Personal Investor survey of the Top 100 funds in Australia included two funds bv HFA, the only two hedge funds in the list.
Spencer says the listing by van Eyk and the recommended lists of the dealer groups reflects the growing sophistication of retail investors.
"Investor are recognising the benefits our products can offer, especially the capacity to reduce the volatility profile of portfolios," he says.
AUTHOR
Recommended for you
Sequoia has applied to the Takeovers Panel regarding alleged unethical practice by a group of shareholders seeking to oust its chief executive.
ASIC has cancelled the AFSL of a Gold Coast advice firm, its tenth AFSL cancellation since the start of the year with the majority being advice firms.
Career changers, such as accountants and teachers, are a valuable demographic for potential advisers as industry commentators say adviser numbers are “not touching the sides” of consumer demand.
Financial advisers and wealth managers need to exceed their clients’ desires for personalisation, a new EY report writes, and the requirements for this will vary between client segments.
