Centuria supports unlisted property disclosure proposals
Centuria Property Funds has come out in support of the Australian Securities and Investments Commission's (ASIC's) proposals to improve disclosure in the unlisted property space, which it said would provide necessary protections for retail investors.
ASIC's Consultation Paper (CP) 163, released in July this year, proposes the introduction of six enforceable disclosure benchmarks addressing issues such as gearing, valuation, related party transactions and distribution.
Centuria Property Funds chief executive officer Jason Huljich said the company had implemented four out of five ASIC's recommendations and added the fifth one around investor rights.
Huljich said he hopes ASIC's benchmarks would become an industry wide norm.
"The current market environment offers great opportunities for retail investors in unlisted property and we hope consistent and enforceable benchmarks will help retail investors confidently take advantage of these opportunities," Huljich said.
Following the consultation period, ASIC is expected to release proposed disclosure benchmarks before the end of the year.
Recommended for you
The possibility of a private credit ETF is looking unlikely for now with US vehicles seeing limited uptake, according to commentators, but fixed income alternatives exist that can provide investors with a similar return.
Ahead of the approaching end of the financial year, State Street has shared five tips for advisers who are using ETFs in their client portfolios.
The use of active ETFs in model portfolios by financial advisers is a key factor in the growth of the products for iShares, according to BlackRock.
Global asset manager BlackRock has identified bringing private markets to the wealth channel as a key business area for the firm that could generate US$500 million in revenue in the future.
