Product News – 18 November 2004
MLC will add four new multi-manager ‘style’ funds to its wholesale offer, the MLC Investment Trust. They are: MLC Investment Trust Australian Share Value Style Fund, MLC Investment Trust Australian Share Growth Style Fund, MLC Investment Trust Global Share Value Style Fund and the MLC Investment Trust Global Share Growth Style Fund. The four ‘style’ funds have been available through MLC MasterKey for the past 12 months, but are now also available through MLC’s wholesale product range, the MLC Investment Trust, which appears on selected wrap accounts and master trusts, such as MasterKey Custom.
Macquarie Financial Service Group has launched Generator Income Notes, the second in the Generator series of high income corporate debt investments and the first in Australia to have its underlying investment managed. Generator Income Notes invests in actively managed portfolios that are based on the corporate debt of more than 140 companies. The target income for the notes is initially 7.4 per cent per annum. This is a floating rate security, so if interest rates rise, Generator’s income will rise.
Navigator has added Perpetual’s Protected Australian Share Fund to its Personal Investment Plan and Personal Retirement Plan services. Navigator is the first platform provider to make the fund available and attributes the inclusion to the easy to understand investment structure of the fund. Navigator now offers a fund list with over 160 investment choices spanning a range of investment managers and asset classes along with a range of differing investment styles. The Perpetual Protected Australian Share Fund opened for investment last month. It will remain open until December 2, 2004.
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