Portfolio Partners move into retail
Portfolio Partners is offering two of its wholesale funds with a focus on high-growth and emerging shares into the retail market.
Portfolio Partners is offering two of its wholesale funds with a focus on high-growth and emerging shares into the retail market.
The group which has more than $10 billion in funds under management will roll out its High Growth Shares trust and Emerging Shares Trusts.
The former offers a broadly diversified portfolio of long and short positions in Australian equities with the latter investing in Australian listed companies outside the top 100 on the ASX.
Portfolio Partners managing director Keith Ince says the trusts are ‘portfolio kickers’ adding value to any diversified portfolio.
“We recognise investors are becoming increasingly sophisticated and are more aware of the investment opportunities available to them,” he says.
“Our funds management business built its reputation on investment opportunities for the wholesale market and this expansion into the retail market means everyday investors can access a broad range of trusts, choosing different levels of complexity and risk.”
Portfolio Partners has also launched a regular savings plan allowing investors to put as little as $50 a month into the trusts.
Both products will be distributed through planners and advisers with an entry fee for the trusts is 4 per cent while there is no and the exit fee with a trail of 0.5 per cent being paid.
There is no MER at present for the High Growth Shares Trust, but the Emerging Shares Trusts has a MER of 1.9 per cent.
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