Beacon approves DomaCom Fund
Beacon Financial Group has announced it will add the new DomaCom fractional property Fund to the Beacon approved product list (APL).
According to the announcement, the Domacom fund is an intermediated property investment vehicle targeting independent financial advisers. It will enable investors to choose the properties they want to invest in, that were previously difficult to access because of high costs.
The fund provides direct property exposure and allows investors to spread their asset allocation across multiple properties to achieve the right blend of yield and capital growth for their portfolio along with diversification, the primary risk mitigation strategy, the statement said.
"IFAs such as the Beacon Financial Group are our target market because the fund caters for their business model as well as providing a foil to the property marketers who until now have been picking off investment clients wanting some property exposure," DomaCom chief executive Arthur Naoumidis said.
"These firms are able to adapt quickly to new opportunities, to adopt protective strategies for their clients and in this case for their business, against predatory property spruikers," he said.
DomaCom have launched an accreditation program with CPD points which advisers are required to complete in order to use the fund.
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
