Rabobank nets eight new funds
RaboPlus, the online banking division of Rabobank Australia, has added eight new funds from Challenger Managed Investments to its online managed funds stable and has temporarily reduced entry fees for all managed funds from 0.75 per cent to 0.25 per cent until January 2, 2008.
Some of RaboPlus’ new wholesale funds include a leading commercial mortgage fund, a portfolio of listed equities in the Asian region, a diversified portfolio of high yield fixed interest hybrid securities, and a socially responsive share fund, which provides investors with the opportunity to integrate their social values with long-term investment objectives.
RaboPlus senior manager of investments and managed funds Tim Hewson said the new funds expand the choice available by offering funds that provide income solutions to investors, as well as specialist Australian and Asian equity portfolios.
“Where RaboPlus differs in the market is that investors have direct access to a selection of wholesale funds and they can be bought and sold online 24/7 with online consolidation of reports,” Hewson said.
RaboPlus charges no ongoing administrative fees besides the reduced fee of 0.25 per cent on funds invested into. A minimum $250 investment is required to access Rabo’s stable of online managed funds.
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