Standard Life’s GARS on Macquarie Wrap
Standard Life Investments has succeeded in having Global Absolute Returns Strategies Australian Trust listed on the Macquarie Wrap platform.
The company announced the Macquarie Wrap listing this week, describing the GARS product as “an award-winning multi-asset strategy, which aims to provide positive returns irrespective of market conditions with reduced volatility compared to equities”.
Commenting on the listing, Standard Life investment director, wholesale business, Matthew Newham said the company was delighted Macquarie Wrap has added GARS to its investment offering.
“Macquarie is a well-regarded investment platform and we are thrilled GARS has been added,” he said.
Newham said had a proven consistent four-year track record of returns for Australian investors which was important as investors increasingly moved away from the traditional balanced portfolio of equities and bonds and towards absolute return investing.
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.
