QWL launches new fund
Investment manager QWL is to provide Australian investors with access to the high-growth region of Eastern Europe with the launch of a new fund that invests in a portfolio of listed equities of companies on the stock exchanges of Estonia, Latvia, Lithuania, Russia, Poland, Czech Republic, Croatia and Hungary.
The QWL Euro # III Fund aims to deliver high, long-term capital growth with consistent returns that exceed a benchmark rate of 12 per cent.
Stockholm Stock Exchange-listed investment manager SEB Uhispanga Fondid will be the asset manager of the $10 million seeded fund, chosen because of its specialist expertise and track record in portfolio management within the region.
QWL chief executive Ross Hopkins believes now is the right time for investors to consider Eastern Europe in their portfolios.
“Economic reforms combined with strict monetary policies have fostered the development of the private sector,” Hopkins said.
“Market mechanisms have worked to keep inflation low and led to expanded trade ties with Scandinavia and Western Europe.”
Recommended for you
As reports flow in of investors lining up to buy gold at Sydney’s ABC Bullion store this week, two financial advisers have cautioned against succumbing to the hype as gold prices hit shaky ground.
After three weeks of struggling gains, this week has marked a return to strong growth for adviser numbers, in addition to three new licensees commencing.
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
KPMG has revealed how much CEO and chief investment officers at Australian family offices are earning, both in salary and bonus, and how they compare to international peers.
