Wealthsure adds Aspen
Wealthsure Financial Services has added the Aspen Parks Property Fund to its approved list and model portfolios.
The fund has invested in 26 caravan parks and resorts around Australia and has $218 million in assets. It is an open-ended fund with a minimum $10,000 investment.
Aspen Group national distribution manager Reon Botha said the inclusion of the property fund in a model portfolio was a first.
“Although Aspen Parks has been added to other approved lists, such as Hillross and Genesys, being included in a model portfolio is a first,” he said.
“The inclusion of the fund in a model portfolio reflects the diversification characteristics the fund offers a portfolio.”
The average return for the fund over three years to June 2007 has been in excess of 19 per cent.
“It has a sound three-year performance track record and has received good ratings from both Lonsec and Zenith recently,” Botha said
“We are sure it will continue to be noticed by other dealer groups who are looking for stable ongoing income returns for their clients.”
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