Select enhances Alternatives Portfolio liquidity
Select Asset Management has moved from monthly to weekly pricing and liquidity for investors in its Select Alternatives Portfolio.
The move is aimed at offering a “more convenient solution for investors, allowing them to redeem and invest on a weekly basis”, according to portfolio manager Robert Graham-Smith.
“It will provide investors with disciplined exposure to quality listed alternatives at attractive prices, all within a unit fund structure that provides weekly pricing and liquidity.”
He added that the move puts the fund “ahead of many other alternative investments, such as hedge funds, which can be considerably less liquid”.
“By combining alternative investments (in the Select Alternatives Portfolio) with a mainstream portfolio, overall diversification can be improved and reliance on equity market performance can be reduced.
“Importantly, the overall effect of this can be to reduce the risk of major capital drawdowns and thereby provide a smoother pattern of overall returns over time from the combined portfolio.”
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
