Global alternative return fund now available on HUB24
Platform provider, HUB24, has added an Australian unit trust to its investment options, as it has exposure to global currencies.
The Australian unit trust, FQ Global Alternative Return Fund, was managed by First Quadrant LP, (an affiliate of Affiliated Managers Group (NYSE: AMG)) and launched in 2014, as an option for advisers and wholesale investors to have liquid access to developed currency markets, accordin to FQ Quadrant LP (First Quadrant).
First Quadrant managing partner and chief investment officer, Max Darnell, said: "We are pleased that HUB24 is responsive to the growing demand from investors for access to quality alternative investment options".
Diversification was a strong theme that resonated with investors "at a time when equity markets are near all-time highs, and bonds and cash yields are uninspiring", Darnell said
He said the recent increase in Australian demand was driven by the ongoing search for positive returns, outside the limited major asset classes returns.
Currency represented "a significant portion of liquid alternatives allocations. The strategy is driven by fundamental economic research capturing mispricing opportunities in major market currencies", and that investors seeking uncorrelated returns would be well advised to consider currency strategies", he said.
Global asset manager, AMG, said advisers had been "searching for solutions with truly diversifying traits at a time when traditional asset classes have underperformed".
AMG Australian distribution director, Cameron Dickman, said advisers had increasingly recognised that actively-managed currency products provided a counterbalance to traditional assets.
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